explain how the world bank and IMF are holding Africa back
Extreme poverty in Sub-Sahara Africa could increase exponentially by 2030
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Labadi_Mantse
All Star
The IMF and World Bank Are Major Causes of Poverty in Africa | Global Envision
http://www.tesfanews.net/how-the-world-bank-and-the-imf-destroy-africa/
The World Bank and the International Monetary Fund (IMF) were set up during the end of the World War II to rebuild the economies of Europe. However, in order for the world bank and the IMF to implement their policies, they began offering loans to poor countries but only if the poor countries privatized their economies and allowed western corporations an almost free access to their raw materials and markets. That was a poverty trap and many poor countries realized it when it was too late.
GoldTeef
Sarranid Bleu
How would they stop foreign countries from putting those corrupt politicians back in power?
The Odum of Ala Igbo
Hail Biafra!
The IMF and the World Bank didn't hold Ghana, Tanzania, Nigeria etc. by gunpoint and say, "TAKE OUR fukkING LOANS!".
To a large extent, it's the fault of these countries leaders who made poor economic decisions.
No offense, but you're late.
The problem with Ethiopia is its landlocked status. Its extra expensive to ship anything out of Ethiopia and hecause the country only uses one port (Djibouti) to ship things, it extremely slow and bottlenecks are common. Its made it difficult to attract foreign investment and create an export oriented light manufacturing industry, diversifying the economy away from agriculture. Its almost impossible to create export industries without soveriegn ports. This is the reason most populous landlocked countries are poor and struggle to create manufacturing hubs. This is why the Eritrean issue is so important to Ethiopia. The creation of Eritrea by Italy was meant to ensure Ethiopia continues to be impoverished and isolated. If Eritrea allowed us to reclaim parts of southern Eritrea which has no economic value since its mostly hot desert and is sparsely populated by the nomadic Afar people who number less the 60,000 and are native to Ethiopia then Ethiopia could become the manufacturing centre of Africa. Eritrea justifies is existence on the premise that they had an autonomous region called Bedre Negash in Northern Eritrea. The Afar region of Eritrea which Ethiopia is interested was never apart of that region and the Afar people are more connected to Ethiopia since most of their population(90 percent) live in the Ethiopian danakil depression, so the Highlander Eritrean government has no legitimate claim to Southern Eritrea and is only holding parts of southern Eritrea to ensure Ethiopia maintains it landlocked status quo. The despicable Rashaeda Arab clans who are responsible for the kidnapping and deaths of so many Eritrean and Ethiopian refugees have more coastline than Ethiopia, a country of 100 million despite the fact that they came from Saudi Arabia 200 years ago. Its the epitome of selfishness on the part of the Eritrean leadership. Its basically economic sabotage, this issue will ensure that both nations will always be hostile to one another.
The sad thing is, most economists know that the Ethiopian economy is intrinsic to the wealth and stability of the horn yet countries such as Somalia and Eritrea who could stand to benefit the most from Ethiopias rise are trying their best to destabilize Ethiopia.
Eritrean nationalist dont realise how Important Ethiopia is to their future prosperity whilst autonomous regions like Somliland now realise this fact and are doing whatever they can to assist Ethiopia in her rise.
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Biscayne
Ocean air
Beautiful nations. I could name almost every country on the continent.by that time half the dudes on the coli will be down there and the ecnomoy will be booming
btw for those wondering
Angola
Benin
Botswana
Burkina Faso
Burundi
Cameroon
Cape Verde
Central African Republic
Chad
Comoros
Congo (Brazzaville)
Congo (Democratic Republic)
Côte d'Ivoire
Djibouti
Equatorial Guinea
Eritrea
Ethiopia
Gabon
The Gambia
Ghana
Guinea
Guinea-Bissau
Kenya
Lesotho
Liberia Madagascar
Malawi
Mali
Mauritania
Mauritius
Mozambique
Namibia
Niger
Nigeria
Réunion
Rwanda
Sao Tome and Principe
Senegal
Seychelles
Sierra Leone
Somalia
South Africa
Sudan
Swaziland
Tanzania
Togo
Uganda
Western Sahara
Zambia
Zimbabw
Labadi_Mantse
All Star
Do some reading. learn about the history and procedural structure of the imf and world bank. Come back and we can talk
The Odum of Ala Igbo
Hail Biafra!
They should just completely stop dealing with the west
Africa has all the resources and they can trade with Russia , China and other non western countries for food and resources . They should say fukk you to the IMF and do them stop catering to those vultures
They western world needs Africa more than it needs them they have all the minerals and resources that help France and the US live have a high quality lifestyle
If Africa right now said we are no longer trading with the western world I guarantee their would be some type of conflict because they know Africa is the bread and butter for them
No more diamonds , oil, minerals, salt , gold, uranium , petroleum , cobalt , silver ,these are things they have in abundance
Africa has all the resources and they can trade with Russia , China and other non western countries for food and resources . They should say fukk you to the IMF and do them stop catering to those vultures
They western world needs Africa more than it needs them they have all the minerals and resources that help France and the US live have a high quality lifestyle
If Africa right now said we are no longer trading with the western world I guarantee their would be some type of conflict because they know Africa is the bread and butter for them
No more diamonds , oil, minerals, salt , gold, uranium , petroleum , cobalt , silver ,these are things they have in abundance
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Red Shield
Global Domination
The problem with Ethiopia is its landlocked status. Its extra expensive to ship anything out of Ethiopia so its very hard to attract foreign investment and create an export oriented manufacturing industry, diversifying the economy away from agriculture. Its almost impossible to create export industries without soveriegn ports. This is the reason most populous landlocked countries are poor and struggle to create manufacturing hubs. This is why the Eritrean issue is so important to Ethiopia. The creation of Eritrea by Italy was meant to ensure Ethiopia continues to be impoverished. If Eritrea allowed us to reclaim parts of southern Eritrea which has no economic value since its mostly hot desert and is populated by the nomadic Afar people who number lees the 100,000 and are native to Ethiopia then Ethiopia could become the manufacturing centre of Africa. Eritrea justifies is existence on the premise that they had an autonomous region called Bedre Negash in Northern Eritrea. The Afar region of Eritrea which Ethiopia is interested was never apart of that region and the Afar people are more connected to Ethiopia since most of their population(90 percent) live in the Ethiopian danakil depression, so Eritrea has no claim to Southern Eritrea and is only holding parts of southern Eritrea to ensure Ethiopia maintains it landlocked status quo. Its the epitome of selfishness on the part of the Eritrean leadership and this will ensure that both nations will always be hostile to one another.
Take it by force
MalikReloaded
All Star
im disgusted with most countries in Africa....im convinced we (Aframs) could do a better job with our own country
We tried with Liberia before but SHTF and we were phased out by the natives there. Eventually civil war came about and the country crumbled to pieces.
MalikReloaded
All Star
Talking about our own country, not one we have to share with native Africans