Yzd Khalifa
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They are not feeding anybody. They are lending money.
I guess they don't teach finance in your countries.
How can LOANS be considered BAIL OUT MONEY ?
Pakistan will have to payback these loans with interest.
You call that Feeding and Bail out money.
That just goes to show they have MORONS working as correspondents at THE HINDU NEWSPAPER.
As if you do not do the same. Even the good work Indian do, I hardly find Pakistani congratulating. So why look at one side?
US, UK, Japan? If am not wrong the pakistani keyboard warriors troll them the most (If u exclude India).
Not only that...They were trolling IMF, ADB & World bank also...
Where is China.......
Beggars can't be choosers but they can be atleast respectful to the hands that's feeding them
last time IMF canceled pakistan 10 billion package mid way beacuse zardari wasnot listening to them!. One of the main reasons why we're in this mess is because of the IMF's advice on how to run the economy given to Zardari.
last time IMF canceled pakistan 10 billion package mid way beacuse zardari wasnot listening to them!
Suggested view of view I posted
Video states Saudi Arabia hold 7th most votes out of 24 nations who hold elected seats on IMF :p
Covers story of Philippines and what has IMF loan done to it destroying its poor people
180 Nations group together they elect 24 nations, who then create policies and donate money to IMF funds to give out loans according to needs
However there is political catch ... it states every time Pakistan was holding Security council vote , they received nice IMF loan as gift (bribe) , the IMF loan is political bone that is given as reward to cooperating countries
It allows outside countries to impose , and interfere with local government policies
No country other then South Korea has ever taken loan and actually shown progress
Countries (Developed countries) or ones with influence , get votes from 180 nations and then they sit as MAIN REPRESENTATIVE of policies which makes the 24 nations who dictate who gets loans and who gets nice "interest free loan" or who gets loan forgiveness
Loan payments we make go back to the lenders ..... Saudia and other developed nation.
Simplest example:
THE SCAM !!!
IMF gives loan
Project gets delayed and Price is hiked goes to 3-4 Billion
IMF starts collecting interest payment
Receiving country becomes poor
Rich countries give donation and aid , IMF collects interest back 10 times of donation
IMF then distributes the wealth back to Rich country
Money goes back to Wealthy countries , while the poor country is now in debt !!!
The wealthy countries then go and PRESSURE in debt countries to change policies and not focus on education and health and focus on cheap SELL OFF of natural resources
The video above gives example of Philipines , a country with rich food production resources how it was dupped by the IMF to build a nuclear power plant which never worked well and was over budgeted and now , the poor of nation have to pay DEBT ... on power plant that produces not much
Reference:
http://www.khabraingroup.com/detail.aspx?id=5179
REMEMBER WHAT HAPPENED TO PHILIPINES VIDEO ABOVE ... WHEN THEY TOOK LOAN TO SOLVE THEIR "ENERGY CRISIS"....SOUNDS ALL TOO FAMILIAR
آئی ایم ایف سے اپنی شرائط پر قرض لیں گے، اسحاق ڈار
پاکستان اورآئی ایم ایف کے درمیان قرض کے نئے پروگرام پرحتمی بات چیت کا پہلا دورمکمل ہو گیا، وزیرخزانہ اسحاق ڈارنے کہا ہے کہ آئی ایم ایف سے بھیک نہیں مانگ رہے، اپنی مرضی کی شرائط پرقرض لیں گے۔
اسلام آباد میں وزیرخزانہ اسحاق ڈارکا کہنا تھا کہ آئی ایم ایف کے پرانے قرض کی ادائیگی کے لئے نیا قرض لینا چاہتے ہیں۔ آئی ایم ایف کے ساتھ بات چیت مثبت انداز سے آگے بڑھ رہی ہے۔ وزیرخزانہ کا کہنا تھا کہ آئی ایم ایف کے ساتھ فی الحال نیا پروگرام طے نہیں ہوا، مزید دودن بات چیت جاری رہے گی۔ آئی ایم ایف سے قرض کا نیا پروگرام لیں یا نہ لیں، پاکستان کودیوالیہ نہیں ہونے دیں گے اور سب کے قرضے بروقت ادا کریں گے۔