Bharat samachar

What is the IMF? Also available as a pre-formatted flier . (PDF 35kb) The International Monetary Fund and the World Bank were created in 1944 at a conference in Bretton Woods, New Hampshire, and are now based in Washington, DC. The IMF was originally designed to promote international economic cooperation and provide its member countries with short term loans so they could trade with other countries (achieve balance of payments). Since the debt crisis of the 1980's, the IMF has assumed the role of bailing out countries during financial crises (caused in large part by currency speculation in the global casino economy) with emergency loan packages tied to certain conditions, often referred to as structural adjustment policies (SAPs). The IMF now acts like a global loan shark, exerting enormous leverage over the economies of more than 60 countries. These countries have to follow the IMF's policies to get loans, international assistance, and even debt relief. Thus, the IMF decides h...

The IMF Formula: Prescription for Poverty by John Cavanagh, Carol Welch and Simon Retallack IFG Bulletin, 2001, Volume 1, Issue 3, International Forum on Globalization   When the International Monetary Fund (IMF) and the World Bank announced at their 1999 annual meeting that poverty reduction would henceforth be their overarching goal, this sudden "conversion" provoked justifiable skepticism. The history of the IMF shows that it has consistently elevated the need for financial and monetary "stability" above any other concern. Through its notorious structural adjustment programs (SAPs), it has imposed harsh economic reforms in over 100 countries in the developing and former communist worlds, throwing hundreds of millions of people deeper into poverty. The IMF came to hold virtual neo-colonial control over developing countries as a result of the Third World "debt crisis" of the 1980s. In the 1970s, commercial banks were eager to make large loans to developin...

Globalisation means you are going Global. World Bank and IMF which are controlled by USA and its allies, they direct rest of the world, how to be global. Russia was broken by this globalisation. Latin America and south east Asian contries also lost huge money for this so called Globalisation. In july 1991, India went global and presciption of how to become global was given:- Devalue your currency. cut Import duties. Cut Govt social exp on health, education and sanitation. Allow foreign financial Institutions free hand in stock markets. (FII) Since then uptil june 97, we have been global as per their conditions and lets see what we got.. Currency devalued from 18.11 to 39.15 per dollar which means exports cheap, Imports costly. Loan amount of say 1000 rs will be automatically 2000 rs now in principal itself... This is how they fool... In parliament, sardar MMS (Mute Manmohan singh), American agent, said 94000 crore rs MOU signed from 1991 to 1997.. Inflow of Foreign Loan, Aid, F...

The word is out ...  President Obama is poised to nominate Larry Summers to be the next head of the World Bank  One doesn't need to look at the tenous nature of the world economy, criticality of clean energy investing, and elsewhere to recognize that this is a truly critical post but the impact and import of this post cannot be underestimated. Considering the World Bank's rather troubled history when it comes to truly fostering prosperity and in directing investments toward a clean energy future, it is important to place an environmental/energy/global warming lens against any appointee to a senior World Bank position. And, in this vein, Larry has provided very serious reasons to question his candidacy ... if not torpedo it. For example, when at the World Bank, Summers signed a memo advocating exporting polluting industry and toxic pollutants to Lesser Developed Countries (LDCs), a concept which is fundamentally at odds with any concept of environmental justice and blindly ignor...

While addressing a meeting of investors in Washington in October, 1996, Chidambaram is reported to have quoted the statement he gave at a meeting in London, a week before the Washington meeting, saying that: You came to India and stayed for 200 years. Now come prepared to invest and stay for another 200 years and there will be huge rewards. The demonstration in the capital would be followed by demonstrations at various state capitals over the next three days. The demonstrations against Chidambaram are to continue unless he withdraws his statement and tenders a public apology, according to a senior BJP leader. The SJM has taken exception to Chidambarams drawing an analogy between inviting investors now and the British raj. Terming this insulting, the SJM has decided to boycott Chidambaram until he apologises. [embed]http://www.business-standard.com/article/economy-policy/fms-invitation-to-mncs-raises-swadeshi-hackles-197022701116_1.html[/embed]   ETHICS & POWER RAM JETHMALANI ww...