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World Bank’s loans are designed to benefit the U.S. corporations. It’s economic projections are skewed to the fortunes of the families that owned the business that prospered from WB/IMF designed policies. In Ethiopia the money that is budgeted for healthcare and education (1/4) https://twitter.com/ethiopiainsider/status/1277477990398648320
will be diverted to pay interest on WB loans. In the end, the principal will never be paid down; the country will be shackled by debt. Then IMF hit men will arrive and demand that Ethiopian government offer its assets like tel and EAL to U.S. corporations at cut-rate prices,(2/4)
and Ethiopia will privatize its electric, water, airlines etc and sell them. In every WB loan the precondition is the projects will be built by U.S. firms and the money never left the U.S. so WB and USAID are US government’s money funnelling organs (3/4)
My fear is historically government leaders ,who refused WB/IMF proposals, will be forced out via coups or “ popular uprisings ” most coups happen when leaders of a country don’t play WB/IMF game. So @AbiyAhmedAli please be aware of your surroundings!(4/4)
