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IMF, World Bank Must End Colonial Rule, Says ActionAid
IMF, World Bank Must End Colonial Rule, Says ActionAid
By: Michael Mike
ActionAid has said the time is up for the International Monetary Fund (IMF) and the World Bank to stop perpetuating a colonial rule on the world.
The call was made at the weekend as the two global financial institutions conclude their Spring meetings in Washington DC this week.
ActionAid, in the statement said for the last 80 years the IMF and World Bank have been in existence, not much has changed as global South countries have been pushed further into debt and are reeling from the impacts of IMF-imposed austerity measures.
In its 2023 report Fifty Years of Failure, ActionAid found that despite following the IMF’s advice for decades, many African countries are in debt distress or facing a high risk of debt distress. Austerity measures have blocked the recruitment of teachers, doctors and nurses, even in countries with severe shortages, and has squeezed public sector salaries at a time of a rising cost of living.
Global Lead on Economic Justice and Public Services at ActionAid International, Roos Saalbrink, said:“Countries in the global South have since the structural adjustment progammes been in perpetual austerity, eroding public health and education. At a time of unprecedented climate crisis and debt crisis in the global South, the Bretton Woods Institutions continue to oil the wheels of colonial exploitation and extraction. At the same time global South governments have very little say in the policies coming from these institutions at the centre of the international financial architecture. 80 years is enough.”
The statement said ActionAid is also concerned about a ‘gentleman’s agreement’ which has ensured that the IMF managing director has for 80 years been European and the World Bank president a US national.
Country Director of ActionAid USA, Niranjali Amerasinghe, said: “Kristalina Georgieva’s appointment is a continuation of the colonial era ‘gentleman’s agreement’, where rich western powers have the most say. It is unacceptable that 80 years later we are still having to call this out. The IMF must change its leadership selection process, its decision-making model, and the harmful practices that keep developing countries in a cycle of crisis.
“As the climate crisis wreaks havoc, global South countries are so deep in debt that they cannot adapt to these impacts. We are calling for debt cancellation and tax justice to help these countries free up the finances needed to build resilience to climate impacts.
“We need to see an overhaul of the international financial architecture with a proper debt workout mechanism, a UN tax convention, to ensure global South governments have a say over policies impacting them disproportionately.”
ActionAid is a global federation working with more than 41 million people living in more than 71 of the world’s poorest countries, the organisation wants to see a just, fair, and sustainable world, in which everybody enjoys the right to a life of dignity, and freedom from poverty and oppression. We work to achieve social justice and gender equality and to eradicate poverty.
IMF, World Bank Must End Colonial Rule, Says ActionAid
Boko Haram Terrorists Ambush Vigilantes in Borno, One Killed
By: Zagazola Makama
Suspected Boko Haram terrorists have ambushed members of a vigilante group on routine patrol along the Warave–Gwoza Road in Gwoza Local Government Area of Borno State, killing one member.
Sources said the attack occurred at about 7:30 a.m. on Tuesday when the gunmen opened fire on members of the Civilian Joint Task Force (CJTF) and local hunters conducting patrol in the area.
A member of the CJTF in Warave, Bello Adamu, 50, sustained fatal injuries during the ambush. He was evacuated to the General Hospital in Gwoza, where he was certified dead on arrival. His remains were later released to his family for burial in accordance with Islamic rites.
Troops of Operation HADIN KAI were deployed to the scene following the incident, while monitoring and patrols have been intensified along the axis to prevent further attacks.
Boko Haram Terrorists Ambush Vigilantes in Borno, One Killed
Troops Neutralise Four Terrorists in Offensive Operation in Borno
By: Zagazola Makama
Troops of Sector 1, Operation HADIN KAI in conjunction with members of the Civilian Joint Task Force (CJTF), have neutralised Four suspected Boko Haram terrorists during an offensive operation in Shehuri area of Konduga Local Government Area of Borno State.
Sources told Zagazola that the operation, conducted at about 9:15 a.m. on Feb. 25 under Operation Desert Sanity IV, led to the interception and engagement of the terrorists.
Following the encounter, troops carried out exploitation of the area, during which four insurgents were neutralised.
Items recovered from the scene included AKSM automatic rifle and pump-action rifle with cartridges and magazines.
Sources added that troops’ morale and fighting efficiency remain high as clearance operations continue across parts of the state.
Troops Neutralise Four Terrorists in Offensive Operation in Borno
Lakurawa Terrorists on revenge Mission Kill Four Worshippers in Kebbi Mosque, Five Injured
By: Zagazola Makama
Suspected Lakurawa terrorists on a revenge mission have attacked Dadinkowa village in Maiyama Local Government Area of Kebbi State, killing four worshippers and injuring five others after storming a mosque.
Sources said the attackers invaded the community and opened fire on worshippers, leaving four persons dead and five others with varying degrees of injuries. The injured victims were rushed to a medical facility for treatment.
The latest attack is believed to be a reprisal following a failed ambush on the convoy of the General Officer Commanding (GOC) 8 Division, Maj.-Gen. Bemgha Koughna, during an operational tour in the state.
On Wednesday, troops of Operation Fansan Yamma reportedly foiled the ambush near Mayama Hill, neutralising five suspected terrorists. Weapons and other items recovered during the operation included one OJC gun, one PKT gun, two AK-47 rifles, four AK-47 magazines, a bandolier of PKT ammunition, several rounds of 12.7mm ammunition, a camel bag containing N840,000, two mobile phones and five motorcycles.
Security sources said the terrorists were suspected to have launched the mosque attack in retaliation for the heavy losses recorded during the failed ambush.
Operation FANSAN YANMA have assured that efforts were ongoing to track down those responsible for the latest assault.
Lakurawa Terrorists on revenge Mission Kill Four Worshippers in Kebbi Mosque, Five Injured
Boko Haram Terrorists Ambush Vigilantes in Borno, One Killed
Troops Neutralise Four Terrorists in Offensive Operation in Borno
Lakurawa Terrorists on revenge Mission Kill Four Worshippers in Kebbi Mosque, Five Injured
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