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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
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Reverend Dachomo insist “I was a notorious criminal in this village, a drug cartel… but I found Jesus”
Reverend Dachomo insist “I was a notorious criminal in this village, a drug cartel… but I found Jesus”
By: Zagazola Makama
Rev. Ezekiel Dachomo, has again recounted his past life of crime and subsequent spiritual transformation, attributing his change to his Christian faith.
Dachomo made the disclosure during a religious gathering, where he shared his personal testimony of repentance and renewal.
“I was a notorious criminal in this village, a drug cartel in this village, a wanderer in this village. That is my testimony,” he said.
The pastor also claimed involvement in criminal activities in his earlier years.
“When I say 1980, it is our gang that robbed a bank, and the person that led that operation is my best friend,” he said.
He explained that his life took a new direction after he embrace Jesus during the robbery.
“When I submitted myself to Jesus, who is my Saviour, I allowed Him to control my life, and Jesus forgave my sin. I am a new person in Christ Jesus,” he said.
However, Dachomo has come under relentless attacks with many asking the authorities to investigate his confession and prosecuting him for his past criminality.
They accused him of infighting fire in the already existing crises between farmers and herders in the state especially when he was openly heard asking the youths to go to WAR.
Reverend Dachomo insist “I was a notorious criminal in this village, a drug cartel… but I found Jesus”
Troops foil cattle rustling, recover 84 livestock in Kaduna
By: Zagazola Makama
Troops of Operation Hadin Kai have foiled a cattle rustling attempt and recovered 84 livestock in Igabi Local Government Area of Kaduna State.
A military source said the operation was carried out by troops of 4 Division Demonstration Battalion deployed at the Forward Operating Base (FOB) Dumbi.
The source disclosed that the troops responded at about 5:30 a.m. on March 27 to credible intelligence on cattle rustling activities at Pan Daudu settlement.
“Following the information, troops swiftly mobilised and laid ambush at a suspected crossing point between Lamban Zango and Monday Market in Igabi Local Government Area,” the source said.
He added that the suspected rustlers, on approaching the ambush site, abandoned the livestock and fled the scene.
“The terrorists, upon sighting the troops’ position, fled in disarray, abandoning 84 rustled livestock,” he said.
According to him, the recovered animals were subsequently handed over to their rightful owners.
Troops foil cattle rustling, recover 84 livestock in Kaduna
Troops arrest 14 suspects in cordon-and-search operation in Borno
By: Zagazola Makama
Troops of Sector 1, Operation Hadin Kai, have arrested 14 suspects during a cordon-and-search operation in Bama Local Government Area of Borno.
Sources said the operation, conducted by troops of 21 Special Armoured Brigade, followed credible intelligence on the activities of a suspected terrorist and kidnapper identified as Baba Ali.
The sources disclosed that the operation took place at about 2:20 p.m. on March 25 at Ngurosoye village, where the suspect was being tracked through intercepted communications.
During the operation, troops apprehended 14 suspects at the location where the tracked calls were received.
Two bags of fertiliser, suspected to be for illicit use, were also recovered from the scene.
The suspects are currently in military custody for further investigation and necessary action.
Troops arrest 14 suspects in cordon-and-search operation in Borno
Reverend Dachomo insist “I was a notorious criminal in this village, a drug cartel… but I found Jesus”
Troops foil cattle rustling, recover 84 livestock in Kaduna
Troops arrest 14 suspects in cordon-and-search operation in Borno
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