World Bank Motives (r)

[nobody@xxxxxxxxxx]

The critique might be more compelling from a different source. Neither 
PNG politicians nor Malaysian logging companies have reputations as 
sterling examples of good citizenship -- and that's putting it nicely!

On 13 Mar 1996 cd@xxxxxxxxxx wrote:

> From: dawn star <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:
> > http://www.jaring.my/~star
>