Kyrgyzstan became ripe for takeover when their poverty level worsened by implementing IMF policies. The economic woes of Kyrgyzstan brought on by the IMF is what the Western community refers to as ‘fertile soil’.
First we sink the target country into poverty through the IMF or World Bank and then initiate a well planned ‘democratic’ takeover. This is a vicious circle.
In Georgia’s “Rose Revolution” and Ukraine’s “Orange Revolution,” power was transferred to sections of the ruling elite more inclined toward the “free market” policies of the US and more abjectly subservient to Wall Street, but no less hostile to the political and economic interests of the working class.
A similar situation prevails in Kyrgyzstan, where the new interim prime minister, Kurmanbek Bakiyev, the new head of national security, Feliks Kulov, and several key interim cabinet appointees all once held leading government posts under the Akayev regime. While many of these figures were in office, the government in Bishek was implementing IMF policies, which today are widely believed to be one of the main sources of the deepening poverty gripping the country. #msg-5871042
What President Olusegun Obasanjo of Nigeria said is "They [the creditor countries] hold the debt over us like a sword, so it has become another means of intimidation and control. We reject it."
Western creditor nations were now using debt repayment as an issue to put political pressure on Nigeria, the biggest oil producer in sub-Saharan Africa.
Obasanjo’s concerns are confirmed by John Perkins, a former respected member of the international banking community. In his book Confessions of an Economic Hit Man he describes how as a highly paid professional, he helped the U.S. cheat poor countries around the globe out of trillions of dollars by lending them more money than they could possibly repay and then take over their economies.
Perkins worked very, very closely with the World Bank. The World Bank provides most of the money that’s used by economic hit men, it and the I.M.F. #msg-4948785
The World Bank has just met and appointed Wolfowitz their new leader.
Wolfowitz says he firmly believes in the mission of the bank. However he does not say if he believes in the stated mission or the often used sinister recondite mission we have just seen again in Kyrgyzstan.
A Sheep Named Wolf(owitz)?
Paul Wolfowitz, the controversial American candidate to run the World Bank, on Wednesday pulled a charm offensive in Brussels worthy of his boss. He came up with just the approach Europeans like -- admit you're not popular and repeat the word "multilateral" as many times as your tongue can manage it. "I understand that I am, to put it mildly, a controversial figure, but I hope as people get to know me better they will understand that I really do believe deeply in the mission of the bank." After the meeting, European diplomats, who were up in arms over his nomination by the United States two weeks ago, said they were "satisfied" with the message he brought.
Wolfowitz, known better here for his hawkish views on Iraq, made what was by most accounts an unusually harmonious appearance. Then again, he had less to worry about on Wednesday than he did two weeks ago: in recent days the leaders of both Germany and Britain have publicly stated that they would support him. In Brussels, Wolfowitz sought to assuage European critics by saying he would have a "truly multinational staff". European Union leaders are calling for better representation on the World Bank's board and France is also demanding that the bank's vice president be French, filling a sort of watchdog role. But Wolfowitz hasn't made any promises, saying only that the bank's management must "reflect the fact that it is a multilateral institution and that Europe is its single largest donor." The directors, he said, must reflect the "full diversity of donors and recipients."
German Development Minister Heidemarie Wieczorek-Zeul, who only two weeks ago said "enthusiasm in Old Europe is not exactly overwhelming," sang a different tune this time. Despite Wolfowitz's hawkish neo-conservative past, Wieczorek-Zeul told reporters, "this is for him a new beginning, and we judge him according to what he said today". Many politicians and non-governmental organizations aren't so forgiving and fear that Wolfowitz won't do enough to combat poverty in the new role.
But more and more seem willing to give him the benefit of the doubt, including the editors at the Sueddeutsche Zeitung, which is seldom known to have a huge heart for Washington. "Ironically, the criticisms of the World Bank from the American conservatives and leftist Third World groups aren't that far apart. Both complain that too little of the World Bank's billions actually get to the world's poor, that the institution works inefficiently and provides aid to countries that don't even need it." Today, it notes, Wolfowitz is working together closely with economics professor Alan Meltzer, who presented a major reform plan for the World Bank and International Monetary Fund to Congress a number of years ago. The plan would reduce the size of the bank and make combating poverty its exclusive goal. "This is reason for cautious optimism," it concludes. "If the criticisms of all the major projects the World Bank has undertaken in the past are correct, then Meltzer and Wolfowitz's plan is not wrong." (9:30 a.m. CET)
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