"It is very clear that the colossal debt stock of the world's impoverished countries - to which category Zambia belongs - owed to the industrialised nations, including those debts from the International Monetary Fund (IMF) and the World Bank are beyond repayment. Indeed the harsh effects of this huge debt-overhang has not spared Zambia. Our nations have, through further policies of the IMF and the World Bank, been condemned to perpetual debt repayment when it is clear that this is unsustainable. The creditor nations together with the agents of neo-liberal policies - the IMF and World Bank - do not care that the little resources that our poor nations may generate for any little possible investment towards improving health, education and other key social sectors is instead perpetually diverted towards debt repayment. But for how long will this continue?" - From The Post, Zambia.
Dec 02, 2004
































