Loud Thinking

Archive for the ‘World Bank Affairs’ Category

Today on 28th April, 2013 again the World Bank and the UNO have asked the question that how to end the poverty from the world?

My Reply

Since, a recent study tells that countries which took loans from WB & IMF have experienced increasing suicide rates, there is hardly any answer required to the question, that; what it will take to end the poverty?

Moreover, who else know better than WB, IMF & UNO that 90% of the loans given to poor countries by the WB & IMF etc., is taken back in the shape of consultant fees and other such charges. In the end, the poor loan recipient countries hardly get about 10% of the benefits from your loans and they pay back 100% of the loan with very heavy interest charges as well.

The biggest proof of the failure of your policies are that you give fresh loans to repay the old loans.

During Musharraf era, there was a shocking news that in one particular loan case, it was conditional to hire the wife of the WB country chief, as consultant; and Pakistan was forced to pay her fees at an exorbitant rate equal to 65% of the total loan amount. No action was done by your anti-corruption department against that country Chief of Pakistan.

Your extremely hard/harsh loan terms are killing the poorest of the poor people in many ways, what to talk of poverty.

Don’t forget that very soon WB & IMF, may be tried for crimes against humanity; because your loans not only breeds and enhances corruption, they increase poverty, which also breeds terrorism.

Kindly immediately revisit all the inhuman terms and conditions of your loans, particularly given to the poor and developing countries; and also consider writing off these loans which are in fact, sucking blood from the poorest of the poor, to serve the lavish life styles of your employees, consultants, advisers and contractors etc.

So, this is the real face of the world loan giving agencies to the poor countries and then you have the audacity to ask questions and suggestions that how to end the poverty and hunger from the world, where EVERY NIGHT ONE BILLION PEOPLE SLEEP HUNGRY ON THIS PLANET.

HOPE YOU WILL NOT BE SO CALLOUS AND NOT REPEAT THIS JOKE WITH OVER ONE BILLION HUNGRY PEOPLE AGAIN.

“When prices of staples soar, the poor bear the brunt. Without global action, people in poor countries will be deprived of adequate and nutritious food, with tragic consequences….” – Robert Zoellick.

It is a matter of great satisfaction that the world bank’s chief has the realisation of the situation, which (global hunger) now in fact, has become a matter of human rights violation.

In order to avoid the tragic consequences of impending hunger bomb, the following proposal may be considered by the all concerned.

In this regard, It is proposed that all world governments (without exception) must give 50% of the government’s share to the poorest of the poor (right to vote gives them right to govern as well), in their respective countries, just like some countries include on mandatory basis, women & other sections of societies in their parliaments.

Until and unless, those feeling the pangs of hunger, are given a chance to directly participate, in the governance of their affairs, any planning to eradicate the menace of hunger, will be faulty from its inception.

I take this opportunity to advise Mr. Robert Zoellick, that the constant problem of getting funding for the WB can rather, easily be tackled, by laying more emphasis on the counter corruption measures for governments of the Aid Recipient Countries (ARCs).

Moreover, this counter corruption strategy (CCS) will provide manifold benefits, both to the WB & the ARCs.

Just to elaborate the above proposal, it should be understood that mainly the corruption has two roots i.e. direct kick backs and denying installing regimens, that puts full stop to the leakages of billions of dollars of government revenues.

In this regard, Turkey could be cited as a glaring example, where government revenues increased manifolds, when one of such systems was put into practise, on cigarette industry.

In case, World Bank under the dynamic and visionary leadership of Mr. Robert Zoellick, needs my assistance on the proposal, I shall be too glad to offer my services, which may help improve the living conditions of the poor & the suffering people of the world.