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Gates also acts as an economic enforcer for the IMF, quite literally using his charitable giving as a carrot/stick to force nations to accept policy decisions a
by pdeuchler 9y ago
Gates also acts as an economic enforcer for the IMF, quite literally using his charitable giving as a carrot/stick to force nations to accept policy decisions and often crippling loans from the IMF. But you don't have to take my word for it, listen to the man himself:
During the panel, Bill Gates and Jim Yong Kim concurred on the need to leverage increased private sector financing in development through business-friendly policies. While the World Bank President hailed countries who made “unpopular” policy choices, critical to “let private sector investors feel comfortable,” Gates hammered away the need to “reform the system” and underlined development aid’s capacity to influence the process.
Both ignored their co-panellist and Governor of the Reserve Bank of India, Raghuram Rajan, who called for development efforts to support the policies that developing countries want. Rajan also noted that global transparency on taxes and removal of barriers imposed by rich countries on exports from the developing countries would help build a more equitable world.
https://www.oaklandinstitute.org/blog/little-help-bill-gates-world-bank-creates-new-aid-conditionality https://www.oaklandinstitute.org/blog/little-help-bill-gates...
- sumedh 9y ago> who called for development efforts to support the policies that developing countries want. Do you know examples where the countries wanted something while Gates and Co wanted something else?
- erikpukinskis 9y agohttps://www.oaklandinstitute.org/blog/little-help-bill-gates-world-bank-creates-new-aid-conditionality https://www.oaklandinstitute.org/blog/little-help-bill-gates...
- sumedh 9y agoThat is the same link which GP gave and it did not have any examples. Not sure why you linked it again So let me ask again, do you known any specific examples?
- erikpukinskis 9y agoMore details here: https://www.oaklandinstitute.org/sites/oaklandinstitute.org/files/unholy-alliance/olob-bmgf-factsheet.pdf https://www.oaklandinstitute.org/sites/oaklandinstitute.org/...