World Bank Motives

[cd@xxxxxxxxxx]

care dawn star 

Bill Harker wrote:
Subject: 
         World Bank Motives 
    Date: 
         Wed, 13 Mar 1996 09:39:48 -0500 
    From: 
         wharker@xxxxxxxxxxxx (Bill Harker)
Reply-To: 
         ipe@xxxxxxxxxxxxxxxx
      To: 
         INTERNATIONAL POLITICAL ECONOMY <ipe@xxxxxxxxxxxxxxxx>


> Given the list's recent discussion concerning the IMF, I thought some people
> might be interested in the following reprint.
> 
> -----------------------------------------------------------
>                 BE WARY OF BANK'S MOTIVE, PNG ADVISED
> 
> PORT MORESBY:  Primary Industries Minister Datuk Seri Dr. Lim Keng Yaik has
> cautioned Papua New Guinea to be wary of the motive behind the World Bank's
> imposition of conditions for it to obtain loans.
> 
> The conditions were only aimed at keeping developing countries forever under
> the shackles of poverty, he said.
> 
> "What do these international bodies, including the World Bank and the
> International Monetary Fund, know about the problems of the developing
> countries?" he said.
> 
> He was speaking at a dinner hosted by Malaysian timber companies here on
> Sunday in conjunction with his three-day visit to the South Pacific island
> nation.  Also present was the PNG Vice-Minister of Agriculture Reuben Parua.
> 
> Malaysian timber companies awarded concessions in PNG claim that their
> operations were seriously strained by the imposition of a very high export
> levy, as much as 70 percent.
> 
> PNG officials clarified that the country was under pressure by the World
> Bank to impose the high levy in order for it to obtain sufficient funds to
> service whatever loan the country wished to obtain. -- Bernama
> 
> _____________________________________________________________
> The Star.  Copyright 1996, Star Publications (Malaysia) Berhad.  All rights
> reserved.
> 
> URL:
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