Beware of 'chief villains' IMF, WB, WTO

As key representatives of the three chief villains of international finance and trade, the IMF, World Bank (WB) and the World Trade Organisation (WTO) met recently in Indonesia where they warned the world of dire consequences in terms of reduced international investments and decline of economic growth as a result of the ever-widening trade wars initiated and instigated by the Trump Administration.

They criticised protectionism that might draw countries into decline of prosperity. The IMF cuts its global economic growth forecast for the current year and for 2019.

This is pure scaremongering based on nothing. In fact, economic growth of the past they claimed of having emanated from increased trade and investments has served a small minority and driven a widening wedge between rich and poor of both developing and industrialised countries. It’s interesting how nobody ever talks about the internal distribution of GDP growth that these handlers and instruments of imperialism and liars for the elite are boasting about.  Nobody ever seems to question the way these growth rates are calculated, or perhaps just drawn out of hot air?

Editor's Comment
Routine child vaccination imperative

The recent Vaccination Day in Motokwe, orchestrated through collaborative efforts between UNICEF, USAID, BRCS, and the Ministry of Health, underscores a commendable stride towards fortifying child health services.The painful reality as reflected by the Ministry of Health's data regarding the decline in routine immunisation coverage since the onset of the pandemic, is a cause for concern.It underscores the urgent need to address the...

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