IMF Prescriptions Have 100 Failure Rate.

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World Bank and IMF conditionatities and prescriptions have 100% percent failure rate. 1. Liberalization or neoliberalism are standard precursor to "Structural Adjustment"loans package.

Liberal usually means progressive however In the International Monetary fund and the World Bank, it means "removing any barriers to the efficient functioning of the market" which in fact means eliminating trade barriers, eliminating obstacles to foreign investment and reducing the size of government domestically.

and reducing the regulation of an economy.

The problem with IMF and World Bank model is that no country using it has ever developed successfully.

The countries that have developed successfully over the last forty years have been those primarily in East Asia, whose governments took a very active planning role. They regulated imports, limited capital flows, regulated interest rate, and directed capital into preferred areas for development.

So "Liberalization" has a very poor track record.

It's highly unusual for a country to develop successfully without some degree of protectionism.

Beware of " The Paris Club" a group of 19 lenders including the UK, Russia, and Germany.

They are just as bad as the IMF. Haiti should accept donations only. Have the money that they need raise through foundations and non profit organization.

For example American Jews raise 300million dollars every year for the state of Israel.

news.bbc.co.uk/2/hi/business/4926966.s...
http://www.aidc.org.za/?q=book/view/42

Lionne Club, January 11 2008, 4:21 PM

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