Researchers: IMF policies hindered Ebola response
Source: AP-Excite
By MICHELLE FAUL
YORK, England (AP) Professors from three leading British universities say International Monetary Fund policies favoring international debt repayment over social spending contributed to the Ebola crisis by hampering health care in the three worst-hit West African countries.
Conditions for loans from the IMF prevented an effective response to the outbreak that has killed nearly 8,000 people, the academics allege in a report in The Lancet Global Health journal this month.
The IMF denied the charges and quoted World Bank data to support its argument that its programs contributed to "significantly improved" health outcomes in Guinea, Sierra Leone and Liberia. In addition, the multilateral finance agency provided $430 million to fight Ebola in West Africa.
"The IMF aims to become part of the solution to the crisis ... Yet, could it be that the IMF had contributed to the circumstances that enabled the crisis to arise in the first place?" asks the study, whose lead author is Cambridge University sociologist Alexander Kentikelenis. Co-authors are Lawrence King of Cambridge, Martin McKee of the London School of Hygiene and Tropical Medicine and David Stuckler of Oxford University.
FULL story at link.
Read more: http://apnews.excite.com/article/20141230/af--ebola-imf-39c02b89d3.html
2naSalit
(86,646 posts)for lip service while robbing it's clients blind. It's de facto slavery in the nations who are blackmailed into agreements with IMF and World Bank... among a couple other robber institutions.
FiveGoodMen
(20,018 posts)Takes away everything it can get
Always making sure that there's one thing left
Keep them on the hook with insupportable debt"
-- Bruce Cockburn, "Call it Democracy"
2naSalit
(86,646 posts)They need to be done away with as well as the other big banks who perpetuate austerity for all whom they can foist it upon and act as cover for the multinational corps/mic.
So, I can't help but wonder if there was something else driving the '09 economic disaster... like a push to kill the world economy in order for a global austerity program to take hold-almost worked. Perhaps that is what the president has actually been fighting, the oligarchic takeover complete with a mercenary class and an endless supply of hungry people willing to do whatever in order to survive. And I suspect that we are seeing a slower pace of this global set of social collapses but we're still headed in that direction even today. The steady erosion of nations is clipping right along there as well and we (the US) are the boot.
IMF is the lordmaster of disaster capitalism.
jwirr
(39,215 posts)racket and privatizing the countries of the world in order to make money for their investors and the corporations that take over the assets in the country. What better way to take over a country than to refuse to prevent a epidemic?
cosmicone
(11,014 posts)which conquers without firing a shot.
The countries were first looted by colonizers and imperials leaving them dirt poor and then, their own money is lent back to them in order to grab whatever natural resources the countries have left.
Moreover, despotic regimes in the good graces of the USA and EU get sweetheart deals - like Marcos' Philippines or Pinochet's Chile while countries on the shit list are given loan shark terms like Zimbabwe or Ecuador.
2naSalit
(86,646 posts)Well stated.
SoapBox
(18,791 posts)...because it's ALL about the greed and money, don't ya know.