zaterdag, juni 18, 2005

Wereldbank, IMF & Zaïre

Uganda [opinion]: Democracy Not Basis for World Bank Funds: "Following the messing up of Congo's early democratic politics, when the CIA backed Mobutu and killed Patrick Lumumba, the first democratically elected Congo president, the IMF and World bank officials took over the management of Congo's economy. Starting with a loan of $27m in 1967, IMF, World Bank and other officials from donor agencies took over key positions in the ministry of finance, central bank and the office of Debt Management. The mismanagement went into overdrive: Between 1976 and 1981, the currency was devalued five times."

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