Friday, 28 September 2012

IMF New Image: Philanthrophy !!! Yeah, right !!

Guinea to See $2.1 Billion of Its Debt Cancelled

More than $2.1 billion of Guinea's foreign debt is being cancelled in a major boost for the deeply impoverished West African nation... announced by the IMF and the World Bank following a meeting of their administrative council Wednesday.

Fatou Bonte Bangoura, who sells smoked fish at a port in Guinea's capital, said Wednesday's announcement would mean little for Guineans who are struggling to support their families:
"Our children need to eat, they need to be taken care of, they need to go to school," she lamented.  Guinea's debt elimination won't result in individual families receiving money

"It doesn't feed me," she says.

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