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----- Original Message -----
Sent: Thursday, September 28, 2000 10:47 PM
Subject: CP of Bohemia and Moravia, Against the policies of IMF and
WB
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CP of Bohemia and Moravia, Why we protest against the policies
of the IMF and the World Bank
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From:
Communist Party of Bohemia and Moravia
http://www.kscm.cz, <[EMAIL PROTECTED]>=======================================================
Why we protest against the policies of the IMF and the World
Bank
There are many reasons. I will concentrate on the most fundamental.
1. In practice the USA runs these organisations in line with its own
interests, regardless of the interests of other countries. It has even renounced
its commitments under the 1944 Bretton Woods agreements.
2. None of
the attempts by economists from many countries to reform the international
monetary system has ever seen the light of day, because they were not in the
interests of the USA. Its arrogance could only be pursued from positions of
strength. The world�s progressive forces have no choice but to try to change the
intolerant state of affairs in international economic and monetary relations by
non-violent protest and mitigate the negative impact of these on economic and
social development within the framework of national frontiers, especially in the
former socialist and developing countries.
3. The mechanism for
allocating Special Drawing Rights runs counter to the efforts of the less
developed countries to develop their economies and solve their liquidity
problem.
4. The decision-making process of the IMF and World Bank
serve the interests of those of their members which are in the strongest
position in terms of their capital resources, above all the USA.
5.
The proclaimed high-sounding role of these organisations has been distorted,
because they misuse it by imposing political and economic conditions on
countries needing their services in order to strengthen the capitalist system
both in individual countries and on a world scale and to seriously threaten the
free choice by sovereign states of their path and strategy of development.
6. The IMF and the World Bank in practice discriminate against
independent and anti-imperialist regimes. The World Bank, for example, refused
to provide a loan for the vitally important Aswan Dam in Egypt because its then
president Gamal Abdel Nasser nationalised the Suez Canal, refused to join the
CENTO pact, rejected foreign military bases and broke the western monopoly on
arms sales.
7. These international institutions have provided loans
and grants for purely political purposes unrelated to development in order to
keel the friends of the USA in power, as is shown, for example, by the loan it
gave to former Russian president Yeltsin for his election campaign.
8.
The IMF and World Bank interfere in the internal political and economic affairs
of developing and former socialist countries, including the Czech republic, and
impose policy �recommendations� on them in the interests of the transnational
monopolies, which not only exploit and oppress the working people of the western
countries but want to dominate the markets of both the developing and former
socialist countries. We in the Czech Republic know only too well where the
policy of privatisation so vehemently pursued by the IMF and the World Bank has
led. Fresh in our memories is the fate of the Investment and Postal Bank (IPB)
after its privatisation by Nomura of Japan. We all know what happened when Zetor
(tractors) and Let Kunovice (aircraft) were privatised with US capital. We can
judge at first hand IMF and World Bank �recommendations� on the �inadequate
openness� of our market and monetary and financial policy and the obsession of
right-wing governments and the present social democrat government with the cult
of blind market forces, which has resulted in half a million unemployed,
destruction of our industry and agriculture, falling living standards,
deteriorating education and health care and widening of the gap between the poor
and the rich. Our struggle against the policies of these instruments of
imperialism, the IMF and the World Bank, is therefore a struggle against
neo-colonialism in our country.
Doc.ing. Hassa Charfo, DrSc.
Head of the International
Department CC CPBM
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