The world bank and the International Monetary Fund (IMF):

 

 

The industrial countries, which represent only 26 % of the world population, use more than

 

‑ 78 % of the production

‑ 81% of the energy

‑ 70 % of the artificial fertiliser

 

The world population of the development countries own only 115 of the riches and the production of this world.

 

An American uses as much energy as

 

‑ 2 Europeans

‑ 55 Indians

‑ 168 Tanzanians

‑ 900 Nepali

 

The industrial countries and the OPEC paid to the development countries 85 billion $ in from of credits and loans.

But therefore they got 92 billion S back. That means 108 percent.

 

 

The Rich ones own the IMF:

 

The vote distribution in the IMF:

 

Development countries                    30%

OPEC                                            11%

Industrial Countries                         59%

 

At the world bank:

 

Development Countries/OPEC        37%

Industrial Countries                         63%

 

At the IDA:

 

Development Countries/OPEC        39%

Industrial Countries                         61%

 

 

lf the IMF is called, then it gets worse for the poor of the land:

 

The condition of the debt‑countries: The earnings have to be blocked:

 

This decreases the buying force

The social costs must be decreased:

This concerns hospitals, schools and social offices etc.

The subvention of food must be finished:

This increases the price of basic‑food.

The countries change must be decreased:

This leads to the decreasing of the export‑prices, while the import‑prices are increasing.

The profit must be count off. This leads to that, that the concerns keep the profit, and no money stays in the country for investigation.

 

 

The world bank‑credits are used in a political aspect too:

 

The countries, who pro‑west, get more credits, than the countries, which are anti‑west.

 

 

The debt‑spiral works like this:

 

A country is under development, it has only limited buying force. In order to get credits, it has to accept the conditions of the IMF. This leads to inability to pay of the country. It has to overdub itself. For the redeem it has to take foreign credits. This leads to deficits of the payment.

 

Germany for example: For each German‑Mark, which has been given for developmental aid, it got back orders from the development countries which value up to 4 German­ Marks, because Germany demands orders of these countries, in which the development aid is given to.

 

(From: Why they are so poor by Peter Strahm)