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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
Atiku urges action to tackle out-of-school children in Nigeria
Alhaji Atiku Abubakar Former Vice President of Nigeria has urged everyone to focus attention on the state of the nation’s education to secure a better future for young people in the country.
Atiku who is the founder, American University of Nigeria, AUN made the call at commemoration of the 17th Annual Founders day 2025 in Yola.
He said “Our beloved country, poised with a youth population that boasts enormous promise, faces staggering challenges that threaten to undermine our most precious asset, our children.
“Currently, millions of children remain out of school, and among those who do enrol, many find themselves disillusioned, trapped in an outdated paradigm that fails to prepare them for the demands of an increasingly complex and competitive world.”
According to him, the classroom experience, already compromised, muddied by overcrowded facilities, lack of resources, and educators who are under-supported.
He added that this dire educational reality is not just an unfortunate circumstance; it poses a profound threat not only on the lives of the youths, but also on the society
“The statistics are sobering; Nigeria holds the regrettable title of having the largest population of out-of-school children in the world.
“How is it that in a country rich in resources, cultural heritage knowledge and a myriad of talents, we find ourselves with such a dismal record?
“Every unattended classroom symbolizes a child with unfulfilled potential, a dream put on hold, and a talent that will remain dormant”, he said.
Atiku further said that If we do not act now to revitalize the educational system, “we doom an entire generation to lives devoid of opportunity, creativity, and the freedom to dream”.
In his address, Prof DeWayne Frazier, President of AUN said, over the years, the institutions has grown from its humble beginnings into a dynamic community that embodies the values of excellence, integrity, and service.
He said, they have educated leaders who are shaping industries, driving change, and transforming communities, not only in Nigeria but across the globe.
“Our mission has always been clear: to provide a world-class education rooted in critical thinking, innovation, and a commitment to sustainable development.
“Today, as we celebrate our continued journey fulfilling that mission, we take pride in the milestones we have achieved: innovative program, pioneering research and community impact”, he said.
According to him, beyond the achievements, what truly sets them apart is their community.
“AUN is not just a university; it is a family. A family bound by shared values, mutual respect, and a commitment to making a difference”, he said.
Atiku urges action to tackle out-of-school children in Nigeria
Two policemen killed, three missing as Bandits ambush tactical team in Bauchi
By: Zagazola Makama
Two police personnel have been killed, three declared missing and two others injured after suspected Fulani herdsmen ambushed a police tactical team in Sabon Sara village, Darazo Local Government Area of Bauchi State.
Sources told Zagazola Makama that the attack occurred on Nov. 22 at about 12:48 p.m. when the operatives were on an intelligence-led patrol in the area, which has recorded persistent farmer-herder conflicts.
The tactical team, drawn from Mobile Police Squadron 10 (Mopol 10), the Anti-Kidnapping Unit, and the State Intelligence Department (SID), was ambushed by yet-to-be-identified herders who opened fire on them.
“DSP Ahmad Muhammad of SID and Inspector Amarhel Yunusa of Mopol 10 were confirmed dead at the scene,” the source said.
The sources added that ASP Mustapha Muhammad and Inspector Idris Ahmed, both of Mopol 10, as well as Corporal Isah Muazu of the Anti-Kidnapping Unit, were declared missing after the attack.
According to the sources, Inspector Isah Musa and Inspector Yusuf Gambo, both of the State Intelligence Department, sustained injuries and were evacuated to the General Hospital, Darazo for treatment.
The sources said that the Commissioner of Police has ordered the deployment of additional tactical units to reinforce the Darazo Division and intensify efforts to trace the missing personnel and apprehend the attackers.
Two policemen killed, three missing as Bandits ambush tactical team in Bauchi
Police storms bandits enclave after bandits attack, rescue 25 abducted women in Zamfara
By: Zagazola Makama
The Zamfara Police Command has rescued 25 abducted persons, including 10 women and 15 children, following a coordinated response to a bandit attack on Kuraje village in Damba area of Gusau Local Government Area.
A source told Zagazola Makama on Sunday that the incident occurred on Nov. 21 at about 9:45 p.m., when armed bandits in large numbers invaded the community, shooting sporadically before abducting the victims.
According to the source, the Divisional Police Officer (DPO) of Damba Division, working alongside operatives from the Department of Operations Gusau and Community Protection Guards (CPG), immediately mobilised to the scene after receiving the distress report.
“The joint police teams engaged the bandits in a gun battle and successfully rescued all the abducted women and children,” the source said.
He added that the rescued victims were taken to Sabongari Damba for safety and were expected to be reunited with their families on Sunday morning.
The police assured that efforts were ongoing to track fleeing bandits and enhance security around vulnerable communities in the area.
Further developments are expected as operations continue.
Police storms bandits enclave after bandits attack, rescue 25 abducted women in Zamfara
Atiku urges action to tackle out-of-school children in Nigeria
Two policemen killed, three missing as Bandits ambush tactical team in Bauchi
Police storms bandits enclave after bandits attack, rescue 25 abducted women in Zamfara
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