The International Monetary Fund has a rarely used mechanism that could alleviate the economic crisis faced by the Global South in the wake of COVID-19.
Director/Video Editor: Bababtunde Ogunfolaju
Chase Producer: Genevieve Montinar
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** (Disclaimer: This video content is intended for educational and informational purposes only) **
IMF IS PART OF THE GLOBAL PROBLEM, THEY ARE NOT TO BE TRUSTED TO LOOK OUT FOR HUMANITY, THEY ARE ONLY CONCERCENED WITH PROFITS ~ The IMF are financial vampires and rapists of planet earth and it's inhabitants!
The only way to support the global south is to stimulate local economies without government getting money, which only feeds corruption and reliance on imports and giveouts. Collapsing supply chains are one example, because in my experience in pre-Chavez Venezuelan economic development, it was private businesses who would efficiently set up supply chaings, and then the government would interfere to promote central controls. IMF moneys only work when corruption can be controlled. Local businesses though, promote growth and wealth if they are allowed to do so. Microlending is a prime example of how it works, and why it is a threat to power elites.
Yesss please we need the debt slave master!!
The IMF has wrought pain and suffering on the global south for decades. Who the hell is running RNN these days?
Wow @the real news…
Your subs know better than to trust the IMF.. why don't you?
"how the IMF can help,,"
It won't, unless it hurts
Yes the IMF could help but their purpose is to keep nations under perpetual debt
All they care about is money, they couldn't care less about the people who actually contribute to the economy.
If you have to go out and someone gets too close, ask them how they know you don’t have the virus and watch them back off… Stay safe and well and a huge thank you to our medical staff! ðŸ‘ðŸ‘ðŸ‘💙💙💙
So we are listening to a crook who fled Ecuador now?
On a positive note, this may reveal the need to live and provide for community needs locally. Why barrow money from a foreign bank that dose not have the interest of your local economy at heart. A just in time global economy will not satisfy the needs of the working poor only increase the wealth of those in power.
Bakéd in the cake V-shaped recovery; Virus shaped depression; fairy dusted by I M F
Welcome to the world of the poor . every one is going to have to learn how to live with Out.