I know the solution is not something easy to offer for these devastating financial problems our country is experiencing nowadays! However, we, especially our government, should stop bragging about adopting globalization, privtization, and structural adjustment measures and programs imposed on us by World Bank and its sister organization International Monetary Fund as a condition for receipt of loans.
You know that most if not all what is so called Developing Countries are in a situation today where they pay back MUCH MORE money to the World Bank in interest and repayment installments than they receive from it!! Plus, these countries are forced to incur new debts in order to be able to repay thier old ones (debts), alas!! I know that this is so depressing, but we should know that, anyway.May God protect our country and help its people.
USA |