News
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
Troops Foil Kidnapping Attempt, Rescue Injured Victim in Kaduna
By: Zagazola Makama
Troops of Sector 7, Sub-Sector 71 of Operation Enduring Peace have foiled a kidnapping attempt along a highway in Sanga Local Government Area of Kaduna State.
Security sources told Zagazola that the incident occurred at about 12:15 a.m. on May 21 when troops deployed at Ungwan Gora checkpoint responded to distress information on suspected kidnappers operating along the road at Ungwan Dariya village.
The troops reportedly moved swiftly to the location, forcing the suspected kidnappers to abandon their mission and flee into surrounding areas.
During the operation, one victim was rescued with injuries sustained during the attack.
The victim was immediately evacuated to Confidence Hospital, Fadan Karshi, for medical treatment.
Security sources said efforts were ongoing to track and apprehend the fleeing suspects, while patrols had been intensified along the axis to prevent further incidents.
Troops Foil Kidnapping Attempt, Rescue Injured Victim in Kaduna
Suspected Kidnap Collaborator Dies in Custody After Arrest in Nasarawa
By: Zagazola Makama
A suspected collaborator of kidnappers has died after becoming unconscious while in military custody in Nasarawa State.
Security sources said troops of Sector 2 under Operation Whirl Stroke (OPWS) intercepted the suspect at about 7:00 a.m. on May 19 at Ancha community in Akwanga Local Government Area.
The suspect was reportedly apprehended at Anguwan Makama following allegations of involvement in activities linked to kidnapping operations in the area.
During preliminary interrogation, the suspect reportedly became unconscious.
He was immediately evacuated to Nunku Primary Health Care Centre for medical attention, where he was confirmed dead by health officials.
Sources added that the remains of the deceased were released to his family for burial in accordance with local customs.
Security authorities said further assessment would continue in line with standard procedures, while operations against kidnapping networks in the area remain ongoing.
Suspected Kidnap Collaborator Dies in Custody After Arrest in Nasarawa
U.S. AFRICOM Delegation Visits Maiduguri, Reaffirms Counterterrorism Cooperation
By: Zagazola Makama
A delegation from the United States Africa Command (AFRICOM) has visited the Headquarters Joint Task Force North East Operation Hadin Kai in Maiduguri to strengthen ongoing counterterrorism cooperation in the Lake Chad region.
Security sources said the delegation, led by the Deputy Director of Operations/Cyber, Rear Admiral Cameron Chen, arrived at Maimalari Cantonment on May 20, where they were received by the Deputy Theatre Commander, Air Vice Marshal O.F. Akinboyewa.
The visit featured a detailed briefing on the current threat assessment in the North-East and ongoing counterterrorism and counter-insurgency operations across the theatre of operations.
Discussions during the engagement focused on enhancing intelligence sharing, intelligence surveillance and reconnaissance (ISR) support, logistics interdiction, and improved operational coordination within the Lake Chad basin.
The delegation also reviewed ongoing multinational efforts aimed at degrading terrorist capabilities and disrupting logistics networks across the region.
Security sources said both sides reaffirmed their commitment to continued collaboration under counterterrorism and counter-insurgency frameworks, including preparations for Operation Lake Sanity III.
The visit was described as successful and conducted without incident.
Authorities noted that international cooperation remains a key component in sustaining pressure on terrorist groups operating in the North-East.
U.S. AFRICOM Delegation Visits Maiduguri, Reaffirms Counterterrorism Cooperation
Troops Foil Protest Over Election Result Dispute in Kaduna
Troops Rescue Suspect from Mob Action Over Alleged Attempted Rape in Plateau
Troops Foil Kidnapping Attempt, Rescue Injured Victim in Kaduna
Roger Federer’s Shock as DNA Results Reveal Myla and Charlene Are Not His Biological Children
THE PLIGHT OF FARIDA
FAILED COUP IN BURKINA FASO: HOW TRAORÉ NARROWLY ESCAPED ASSASSINATION PLOT AMID FOREIGN INTERFERENCE CLAIMS
-
News2 years agoRoger Federer’s Shock as DNA Results Reveal Myla and Charlene Are Not His Biological Children
-
Opinions4 years ago
THE PLIGHT OF FARIDA
-
News1 year agoFAILED COUP IN BURKINA FASO: HOW TRAORÉ NARROWLY ESCAPED ASSASSINATION PLOT AMID FOREIGN INTERFERENCE CLAIMS
-
News2 years agoEYN: Rev. Billi, Distortion of History, and The Living Tamarind Tree
-
Opinions4 years agoPOLICE CHARGE ROOMS, A MINTING PRESS
-
ACADEMICS2 years agoA History of Biu” (2015) and The Lingering Bura-Pabir Question (1)
-
Columns2 years agoArmy University Biu: There is certain interest, but certainly not from Borno.
-
Opinions2 years agoTinubu,Shettima: The epidemic of economic, insecurity in Nigeria
