Sunday, February 21, 2010
Labels: Justice and Peace
Ben Beachy, an independent educator working for Witness for Peace, was working in Nicaragua when these programs were enacted.
Haiti's debt to western organizations impedes rebuilding efforts.
"Just after pledging $201 million of debt relief for Nicaragua, the IMF has also promised to reactivate its stalled economic program with the country, meaning a new IMF loan package of about $100 million," BEACHY said in an interview with commondreams.org.
This is common, neoliberal double-speak. They first allow for the cancellation of a debt that was clearly never going to be diminished any time soon, and replaced it with another loan that the country cannot afford. Click for more information.
Posted by Watchman at 9:16 PM