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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
STATE HOUSE PRESS RELEASE
Christmas: VP Shettima Assures Citizens Of FG’s Commitment To Their Welfare
*** Says national security, economic transformation remain President Tinubu’s priorities
By: Our Reporter
Vice President Kashim Shettima has assured Nigerians of the federal government’s dedication to national security, economic transformation, and welfare of the citizens.
In a Christmas message on Wednesday, the Vice President said the administration of President Bola Ahmed Tinubu remains unwavering in its focus on these critical areas, as the country looks forward to the dawn of a new year.
He said, “In these times of economic transformation, I want to assure you that the President Bola Ahmed Tinubu administration remains steadfast in its commitment to improving the lives of all Nigerians.”
Vice President Shettima particularly urged the citizens to imbibe the virtues of national unity during the yuletide season.
“Nigeria’s diversity remains our greatest strength. Let us avail ourselves of the time provided by the holiday season to strengthen the bonds of brotherhood that unite us across all faiths and regions,” he said.
Senator Shettima assured Nigerians of the continued vigilance of the nation’s security forces, noting that “our brave security personnel will continue to work round the clock during this festive period to keep us safe.”
He said enhanced security measures have been put in place to protect the citizens during the holiday period.
“The relevant agencies have been mobilized to ensure your safety and comfort on all major routes,” he stated, urging travelers to remain vigilant.
VP Shettima expressed optimism about the nation’s trajectory in the coming year, saying, “I am filled with hope and optimism about Nigeria’s future. Together, we will build a more prosperous and united nation.
“To our young people, you are the backbone of our nation. The Renewed Hope administration is implementing various initiatives to create opportunities for you to thrive and contribute to Nigeria’s development,” he added.
Concerned Citizens of Northeast Felicitates with Christians on Christmas Celebration
…Urges Sustained Prayers for Peace, Prosperity, Well-being of Region and Nigeria
By: Our Reporter
The Concerned Citizens of Northeast has felicitated with Christians in the State and across the world as they celebrate this year’s Christmas.
CCNE called on the Christian faithful and all citizens of Northeast States to embrace the core values of Christmas which connote love, peace, reconciliation, and selflessness, while reflecting on its deeper spiritual significance.
“As we mark this joyous occasion, we urge everyone to emulate the virtues of love, sacrifice, and compassion demonstrated by Jesus Christ. Let us use this period to promote unity, understanding, and cooperation among ourselves, which are essential for building a harmonious and progressive society.
They encouraged the people of the region to sustain the bonds of brotherhood and communal support, emphasizing the need for continued peace and stability in the state.
The Concerned Citizens of Northeast further called for prayers for the prosperity and well-being of the nation, especially during these challenging economic times.
“While these times are undeniably tough, we encourage everyone not to lose hope but to stay optimistic and committed to the vision of a better Nigeria. Together, we can overcome our challenges and pave the way for a brighter future.
Concerned Citizens of Northeast Felicitates with Christians on Christmas Celebration
News
Tsafe community breathing sigh of relief following Killing of Notorious Bandit “Al’jan” by Nigerian troops
Tsafe community breathing sigh of relief following Killing of Notorious Bandit “Al’jan” by Nigerian troops
By Zagazola Makama
Residents of Tsafe Local Government Area in Zamfara State are breathing a sigh of relief following the neutralization of a notorious bandit known as “Al’jan,” who had long terrorized the community.
Originally from Niger Republic, “Al’jan,” whose real name remains undisclosed, settled in Tsafe LGA after working as a motorcycle taxi operator. This job connected him with Fulani herders, leading him down a path of criminality.
Over time, he forged alliances with a bandit group led by Hassan Bamamu, becoming deeply entrenched in acts of banditry and terror throughout the region.
Utilizing his extensive knowledge of Tsafe and its surroundings, “Al’jan” acted as a guide for criminal gangs, orchestrating numerous raids and kidnappings.
He was implicated in several high profile killings, including those of Anas Umar Dan Kanti, Alhaji Musa Ille, and an unnamed Navy officer.
The reign of terror that “Al’jan” inflicted on the community came to an end three weeks ago when security forces successfully neutralized him and several of his associates during a joint operation between Mada and Yandoton Daji in Tsafe LGA.
This operation involved a coordinated effort by soldiers and local vigilantes, who ambushed the gang as they traversed the area.
The elimination of “Al’jan” has brought newfound hope to the people of Tsafe, particularly those residing along the Tsafe-Gusau road, which had suffered from frequent attacks. Residents of Bamamu village, his last known hideout, confirmed his death after viewing his remains.
Tsafe community breathing sigh of relief following Killing of Notorious Bandit “Al’jan” by Nigerian troops
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Concerned Citizens of Northeast Felicitates with Christians on Christmas Celebration
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