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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
US Says Latest Visa Decision Against Nigeria Unconnected to BRICS, Venezuelan Refugees
By: Michael Mike
The United States Mission has explained that recent reduction in visa validity for Nigerian nonimmigrant travellers is not tied to Nigeria’s position on BRICS nor the Venezuelan deportees.
US President Donald Trump had threatened to impose tariffs on “Any country aligning themselves with the Anti-American policies of BRICS”
Trump made the statement few days ago while BRICS leaders and associates
met in Rio de Janeiro, Brazil for the 2025 summit.
The Minister of Foreign Affairs, Amb. Yusuf Tuggar had on Thursday on one of the National Televisions during his reaction to recent stringent visa regime to Nigerian travellers by the American government noted that it may be as a result of non acceptance of Venezuelan deportees, insisting that the country has trouble of its own
Tuggar said: “We already have over 230 million people,” and cannot add to our headache.
The US Mission in Abuja while clarifying the latest visa validity decision on Friday noted that the decision was rather based on a global security and technical review.
The mission in a statement on Facebook also reaffirmed its commitment to bilateral cooperation with Nigeria and expressed willingness to work with Nigerian authorities to meet the necessary criteria.
The statement read: “The U.S. Mission Nigeria wishes to address misconceptions about the recent reduction in visa validity for most nonimmigrant U.S. visas in Nigeria and other countries. This reduction is not the result of any nation’s stance on third-country deportees, introduction of e-visa policies, or affiliations with groups like BRICS.
“The reduction in validity is part of an ongoing global review of the use of U.S. visas by other countries using technical and security benchmarks to safeguard U.S. immigration systems.
“We value our longstanding partnership with Nigeria and remain committed to working closely with the Nigerian public and government officials to help them meet those criteria and benchmarks, thereby ensuring safe, lawful, and mutually beneficial travel between our nations.”
US Says Latest Visa Decision Against Nigeria Unconnected to BRICS, Venezuelan Refugees
Six community guards killed, others feared abducted in Zamfara bandit attack
By: Zagazola Makama
At least six members of the Community Protection Guards (CPG) in Zamfara State have been killed and others feared abducted following a deadly ambush by armed bandits in Bungudu Local Government Area.
Zagazola Makama report that the attack occurred at about 12:30 p.m. on Thursday as the CPG members were travelling from Bungudu to Yar Katsina in Kekun Waje District to condole with the family of one of their colleagues who was killed by suspected bandits a day earlier.
According to sources, the group was ambushed along the route by heavily armed attackers who opened fire on them, killing six CPG personnel on the spot.
The assailants also reportedly made away with several pump-action rifles belonging to the victims and one motorcycle.
Shortly after the incident troops of Operation FANSAR, were deployed to the scene. However, the attackers had already fled into the bush before their arrival.
The remains of the slain guards have been transported to Bungudu Town for burial rites, while efforts are underway to trace and rescue other victims suspected to have been abducted during the attack.
Six community guards killed, others feared abducted in Zamfara bandit attack
Suspected gunman dies after clash with police in Kogi, officer injured
By: Zagazola Makama
A suspect linked to unlawful possession of firearms has died following a violent clash between his gang and police operatives in Idah, Kogi State.
The incident began on July 8, when detectives from the State Criminal Investigation Department (SCID) in Lokoja visited Aija area in Idah to arrest the suspect, simply identified as Enemi. Upon sighting the police, the suspect reportedly fled by jumping over the fence of his residence and had remained at large.
However, on July 10, fresh intelligence on his whereabouts prompted the Divisional Police Officer in Idah to mobilize a team of operatives, led by Inspector Ojumu Rokan, to effect his arrest.
While attempting to apprehend him, the team came under sudden attack from members of the suspect’s gang, who allegedly tried to disarm and mob the officers.
In the process, the suspect was shot in the leg while trying to escape, but was quickly whisked away from the scene by his accomplices.
During the confrontation, a police officer, PC Usman Kebiru of the Area Command, Idah, sustained multiple injuries after being attacked with machetes, cutlasses, and stones.
He was rushed to the General Hospital in Idah for treatment.
Subsequent reports reaching the division later confirmed that the injured suspect died at his family residence in Idah.
Security across the area has since been heightened, with all formations placed on red alert. Intensive patrols are ongoing to prevent further unrest and track down members of the fleeing gang.
Suspected gunman dies after clash with police in Kogi, officer injured
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