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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
Troops engage armed bandits in heavy gun battle during raid on suspected hideout in Zamfara
By: Zagazola Makama
Troops of Operation FANSAN YANMA have reportedly engaged armed bandits in a heavy gun battle during a clearance operation at Yankuzo area in Tsafe Local Government Area of Zamfara state.
Security sources said the operation followed aggressive fighting patrol on armed groups into the area, believed to be a stronghold used by suspected bandit elements operating within the axis.
According to the sources, troops advanced into deep into the terrorists enclave of Ado Allero in the early hours of the day and made contact with the armed men, leading to an exchange of fire that lasted for several minutes.
Residents reported heavy gunfire during the confrontation.
Although details of casualties were still being assessed at the time of filing this report, security sources confirmed that troops maintained dominance of the general area and continued pursuit of fleeing armed elements.
Troops engage armed bandits in heavy gun battle during raid on suspected hideout in Zamfara
Troops rescue three kidnapped victims during operation in Niger State
By: Zagazola Makama
Troops of Operation FANSAN YAMMA have rescued three kidnapped victims during a swift response to a distress call in Kusheri village area of Niger state.
Security sources told Zagazola Makama that the incident occurred on April 21, 2026, when armed bandits invaded the community and abducted three civilians identified as Abdullahi, Saidu Julfe and Kamilu Joddi.
According to the sources, troops deployed at Forward Operating Base Dokan Karji immediately mobilised after receiving the distress alert and advanced towards the area of operation.
On arrival, the troops discovered that the attackers had already fled the scene with the abducted victims towards the Kafin Gora axis.
The troops subsequently launched a pursuit operation, engaging the fleeing suspects in intermittent contact before successfully rescuing all three hostages unharmed.
The rescued victims were later handed over for medical evaluation and debriefing, while troops withdrew to base after securing the general area.
Security sources confirmed that the situation within the area of responsibility remains calm but unpredictable, adding that patrols and surveillance operations have been intensified to prevent further incidents.
They further noted that troop morale and combat effectiveness remain high as operations continue across vulnerable communities within the state.
Troops rescue three kidnapped victims during operation in Niger State
Troops kill suspected Boko Haram fighter in Yobe, recover rifle, motorcycles
By: Zagazola Makama
Troops of Operation Hadin Kai have killed a suspected Boko Haram insurgent during a confrontation in Lotori-Garbiya village, Tarmuwa Local Government Area of Yobe state.
Sources said the incident occurred on April 20 at about 7:00 p.m. after gunmen suspected to be Boko Haram elements stormed the community and imposed illegal levies on residents.
According to the sources, security forces were swiftly mobilised following a distress call and engaged the attackers in a gun battle.
One of the suspected insurgents was killed during the encounter, while others reportedly fled into surrounding bushes.
The sources said an AK-47 rifle and two Kasea motorcycles were recovered at the scene.
Security authorities confirmed that the area had been placed under close surveillance, while patrols were intensified to prevent further attacks.
They added that efforts were ongoing to track down fleeing members of the group.
Troops kill suspected Boko Haram fighter in Yobe, recover rifle, motorcycles
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Troops engage armed bandits in heavy gun battle during raid on suspected hideout in Zamfara
Troops rescue three kidnapped victims during operation in Niger State
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