At 07:44 AM 4/17/00 +0100, you wrote:
>Did Castro call for the abolition or the elimination of the IMF? What has
>he proposed instead?
Fidel Castro:
As far as the latest financial crisis is concerned, the IMF showed a lack
of foresight and a clumsy handling of the situation. It imposed its
conditioning clauses that paralyzed the governments social development
policies thus creating serious domestic hazards and preventing access to
the necessary resources when they were most needed.
It is high time for the Third World to strongly demand the removal of an
institution that neither provides stability to the world economy nor works
to deliver preventive funds to the debtors to avoid their liquidity crises;
it rather protects and rescues the creditors.
Louis Proyect
(The Marxism mailing list: http://www.marxmail.org)
