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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
NA CAT Week: Army Flags Off Free Medical Outreach in Kaduna Community
By Zagazola Makama
The Nigerian Army has commenced pre-event activities for its Combat Arms Training (CAT) Week 2026 with a free medical outreach for residents of Birnin Yaro community in Kaduna State.
Security sources said the outreach, which held on May 2, was flagged off by the Chief of Integrated Combat Arms, Maj.-Gen. G.M. Mutkut, as part of preparations for the CAT Week scheduled to take place at Jaji Military Cantonment from May 4 to May 8, 2026.
The sources disclosed that the programme provided free medical consultations and treatment for members of the host community, as well as personnel and their family members.
According to the sources, the initiative was designed to strengthen civil-military relations while improving access to basic healthcare services for underserved communities.
They added that senior officers, including the Principal Staff Officer from Headquarters Infantry Corps Centre and members of the Central Organising Committee for the CAT Week, were in attendance.
The sources noted that the event was conducted peacefully and without any incident.
NA CAT Week: Army Flags Off Free Medical Outreach in Kaduna Community
Troops Arrest Two Suspected Terrorists in Borno, Recover Phones and Charms
By Zagazola Makama
Troops of the Nigerian Army have arrested two suspected terrorists during a patrol operation in Ngamdu town, Kaga Local Government Area of Borno State.
Security sources said the operation was conducted at about 5:35 p.m. on May 2 by troops of 154 Battalion while on routine patrol within the area.
The sources disclosed that the suspects were intercepted and arrested during the patrol.
According to the sources, items recovered from them include one mobile phone, one keypad phone, a power bank, charms and other sundry items.
They added that the suspects are currently in military custody for further interrogation and investigation.
The sources noted that further action will be taken after profiling, while patrols in the area have been intensified to maintain security dominance.
Troops Arrest Two Suspected Terrorists in Borno, Recover Phones and Charms
Four Killed, Three Injured in Attack on Illegal Mining Site in Plateau
By Zagazola Makama
Four persons have been killed and three others injured following an attack by unknown gunmen at an illegal mining site in Barkin-Ladi Local Government Area of Plateau State.
Security sources said the incident occurred at about 1:30 p.m. on May 2 at Mazat mining site, where the victims were reportedly engaged in unauthorised mining activities.
The sources disclosed that the assailants opened fire on the victims, killing four on the spot while three others sustained varying degrees of gunshot injuries.
According to the sources, the injured victims—two females and one male—were rushed to a nearby hospital for medical attention and are currently receiving treatment.
They added that the corpses of the deceased have been deposited at the hospital morgue for autopsy.
The sources further noted that security operatives were mobilised to the scene, while additional deployments have been made to track down the perpetrators.
They reiterated that night mining activities remain prohibited in the state, stressing that investigations into the incident are ongoing.
Four Killed, Three Injured in Attack on Illegal Mining Site in Plateau
NA CAT Week: Army Flags Off Free Medical Outreach in Kaduna Community
Troops Arrest Two Suspected Terrorists in Borno, Recover Phones and Charms
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