Booman Tribune

IMF Pay Back

by cruz del sur
Fri Dec 30th, 2005 at 10:24:00 PM EST

 Today on an article by Irina Houser on Pagina 12, it was made public that five days after the Argentine Government announced the payment in full to the IMF, The Supreme Court there ordered the beginning of an investigation for the responsibility of the Monetary Fund in financing the crimes committed by the dictatorship between 1976-82.  

Former Representatives (Diputados, as they are called there)Ripli, Cafiero, and Patricia Walsh,proposed last September to initiate an investigation to the members of the IMF, either in Argentina or abroad who collaborated with the military dictatorship to obtain huge loans and allowed them to commit crimes against humanity. It was also pointed out that laws there allow the courts to intervene in those cases in which groups like the IMF appear to have immunity.

It was noted that the IMF was "too flexible with the military government,and not only silently consented in a disproportionated level of indebtness, but also it facilitated it". Further, "international credit organizations are subject to international laws, and can be held responsible for civil, political economic social and cultural rights

Since crimes against humanity (as those in the dictatorship) do not prescribe, it should be extended to those who financed it. The dictatorship could not be maintained without those loans from abroad.

The Dictatorship made two agreements: one in August 76 and a second in in July 77. In the beginning of 76 the external debt was of six billion dollars. By the end of that year it was seven billion. By 1983 it was forty-three billion. Supposedly they were used to financed the World Cup if 78, prepare for the war against Chile, to be used for express ways, and for gas pipes.

It is pay back time!



Display:
Give them hell Argentina!!

If you want me to go back to the place that I was born, tell your corporations to leave my country (Leon Gieco)
by cruz del sur (nicodk@sbcglobal.net) on Fri Dec 30th, 2005 at 10:25:24 PM EST
The concept needs to apply globally:

If money from the IMF is used to commit crimes against humanity, it should not have to be paid back later by the victims of those crimes.

Might make the IMF act a little more carefully regarding whom it loans to, and insist on open, transparent, democratic governments...

"Money ruined Democracy. Washington is lost. We only have the grassroots left." - Bill Moyers

by Knoxville Progressive (green_planet_2000 (at) yahoo (dot) com) on Sat Dec 31st, 2005 at 11:54:18 AM EST
[ Parent ]
My thoughts exactly!!!

If you want me to go back to the place that I was born, tell your corporations to leave my country (Leon Gieco)
by cruz del sur (nicodk@sbcglobal.net) on Sat Dec 31st, 2005 at 12:21:56 PM EST
[ Parent ]
Yup! Analagous to tracking & holding responsible those financing terrorism.

Forcing any sort of accountability on the IMF or WTO may well be one the most crucual struggles in the decades ahead.

". . . the more educated you are, the more indoctrinated you are. After all, propaganda is largely directed towards the privileged." -Noam Chomsky

by Arcturus on Sun Jan 1st, 2006 at 04:39:54 PM EST
[ Parent ]
Wouldn't it be funny if they took that idea from the UN's investigation of food for oil program? Talk about blowback!

If you want me to go back to the place that I was born, tell your corporations to leave my country (Leon Gieco)
by cruz del sur (nicodk@sbcglobal.net) on Sun Jan 1st, 2006 at 10:00:00 PM EST
[ Parent ]
Odious Debt

Who pays for "aid"?

The "international community" has promised to give $2 billion to the illegal Latortue government. What is less often said is that around a billion of that is actually going to be loans, that Haiti will have to repay. "They're making decisions to further put Haiti into debt, for generations to come," said Jean Saint-Vil of the Haitian Lawyers Leadership Network.

Historically, Haiti has been crippled by debt. Powerful countries of North America and Europe have, through the International Monetary Fund, leveraged this debilitating debt to exercise control over Haiti's thoroughly colonized economy.

During the bloody and oppressive years of the Duvalier dictatorships, aid and loans flowed freely from the US and other rich countries which were eager to support a regime that represented their interests, regardless of the human costs. Today, nearly half of Haiti's debt dates from the Duvalier years, when the people of Haiti had very little say in matters of government (The US State Department, by contrast, had a very large say indeed.)

One IMF-imposed policy forced Haiti to lower its tariff on imported rice from 30 per cent to three per cent (the lowest in the hemisphere). This, when 70 per cent of Haitians earned their living as peasant farmers. When cheap, subsidized US rice flooded the market, thousands of farmers went out of business, Haiti's ability to feed itself diminished, and malnutrition rates went up, setting the stage for the current crisis. (snip)

Debt has been a tool of colonial powers since Haiti first gained its independence, 201 years ago. In exchange for allowing it access to international markets, France forced Haiti to pay for the "property" it had lost--the recently freed slaves. Aristide raised the ire of France (as well as the possibility that other colonies that have suffered might ask for some of their stolen money back) when he began a campaign to compel France to repay the money it extorted--an estimated $20 billion in 2005 dollars. One of the post-coup regime's first acts was to cancel this demand.



". . . the more educated you are, the more indoctrinated you are. After all, propaganda is largely directed towards the privileged." -Noam Chomsky
by Arcturus on Sun Jan 1st, 2006 at 07:10:31 PM EST
"Who pays for "aid"?" Thats easy...Cool does :-)

If you want me to go back to the place that I was born, tell your corporations to leave my country (Leon Gieco)
by cruz del sur (nicodk@sbcglobal.net) on Sun Jan 1st, 2006 at 10:01:07 PM EST
[ Parent ]
That was exactly what they were doing to us. it is good to see it end, and hopefully the rest of the world will follow these steps.

If you want me to go back to the place that I was born, tell your corporations to leave my country (Leon Gieco)
by cruz del sur (nicodk@sbcglobal.net) on Sun Jan 1st, 2006 at 10:06:33 PM EST
[ Parent ]
It's not 'aid',it's extortion.
by shycat (painebillATHotmail) on Wed Jan 4th, 2006 at 12:49:18 PM EST


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