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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
Bandits ambush C-Watch operatives in Katsina, kill 8, burn patrol vehicles
By: Zagazola Makama
Suspected bandits have ambushed operatives of the C-Watch security outfit in Dandume Local Government Area of Katsina State, killing eight persons and setting two patrol vehicles ablaze.
The incident happened late Friday night when gunmen invaded a village near Dandume around midnight.
Residents said C-Watch operatives responded to a distress call and rescued eight villagers who had earlier sustained gunshot injuries during the attack.
However, on their way back, the operatives reportedly ran into an ambush by the bandits, who opened fire on them, killing the rescued victims and burning two patrol vehicles belonging to the security outfit.
Bandits ambush C-Watch operatives in Katsina, kill 8, burn patrol vehicles
Troops barbecued scores of bandits in Kankara, Katsina
By: Zagazola Makama
Troops of the Nigerian Army have eliminated scores bandits in ongoing clearance operations in Kankara Local Government Area of Katsina State.
Zagazola learnt that the operations, which began on Friday, targeted multiple bandit hideouts in the area.
The sources said the troops, supported by other security components, engaged the criminals in sustained firepower, leading to the neutralisation of an undisclosed number of them.
“The operations are still ongoing, with troops pursuing fleeing bandits into the forest corridors,” one of the sources said.
Military authorities are yet to issue an official statement as at press time.
Troops barbecued scores of bandits in Kankara, Katsina
Zulum Visits Families of 63 Borno Residents Killed by Boko Haram
By: Michael Mike
Borno State Governor, Babagana Zulum has visited Darajamal, a community in Bama, to condole with families of the 63 people killed by Boko Haram insurgents on Friday night.
The victims comprise 5 soldiers and about 58 civilians that were earlier displaced by the insurgents but have been resettled in Darajamal for two months now.
Zulum, visibly moved by the incident, met with community leaders and consoled the bereaved families. He expressed grief and condemned the brutal attack in the strongest terms.
Speaking to newsmen, the governor said, “We are here to commiserate with the people of Darajamal over what happened last night that has claimed the lives of many people. It is very sad. This community was settled a few months ago and they go about their normal activities, but unfortunately, they experienced Boko Haram attack last night. Our visit is to commiserate with them and build their resilience.”
On the casualties, the Governor said, “at this moment we have confirmed that 63 people lost their lives, both civilians and military, although the civilian casualties are more. Close to about 60 civilians and 5 soldiers lost their lives.”
Governor Zulum, while noting the challenges faced in the fight against insecurity, also called for the immediate deployment of the newly trained Forest Guards to complement the military in safeguarding vulnerable communities.
He said, “We have to take note that the numerical strength of the military is not enough to cover everywhere, so far so good, two sets of Forest Guards have been trained, therefore one of the solutions that we need to implement immediately is to deploy the trained Forest Guards to most of the locations that are vulnerable, they will protect the forest and communities.”
Also, the Senator representing Borno Central, Kaka Shehu Lawan, whose constituency Darajamal falls under, has condemned the attack, describing it as a crime against humanity.
He expressed his commitment to supporting Governor Babagana Umara Zulum through legislative backing to restore peace in Borno State.
Zulum Visits Families of 63 Borno Residents Killed by Boko Haram
Bandits ambush C-Watch operatives in Katsina, kill 8, burn patrol vehicles
Troops barbecued scores of bandits in Kankara, Katsina
Zulum Visits Families of 63 Borno Residents Killed by Boko Haram
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