Wednesday, March 26, 2014

IMF, Neoliberal Powerhouse, Ransacks Sudan

Many in the international community see the International Monetary Fund as a necessary entity that provides countries with much-needed aid. However, for many activists within Sudan and its diaspora, the IMF is a neoliberal powerhouse, implementing exploitative policies that extract land, resources and wealth from developing countries in exchange for money that goes to the governing elite.
 On February 15, 2014, a week of talks between the International Monetary Fund's deputy director of Middle East and Africa and government officials in Sudan ended. The finance minister, petroleum minister and governor of Central Bank discussed debt relief and economic reforms. The IMF promised "to provide the requested technical assistance and support to the productive sectors" to encourage investment, declaring that the success of the program would directly "tackle Sudan's external debt issue."
Sudanese activist Muzan Alneel describes the IMF policies as a "systematic and well-studied approach to keep Sudan as well as other developing countries from rising to their potentials." For the past few years, the IMF has been pushing Sudan to discontinue its fuel subsidies. When the Sudan government did that last September, protests that left over 200 civilians dead spread exponentially. Muhammad Osman, who participated in those protests, says, "the more the IMF and Sudan treat democratic and economic reforms as separate agendas, the more we are likely to witness a greater civil unrest in the near future."

Full article here

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