...before Mugabe is out of the picture.
FT article
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3 comments:
Youri,
What about Sri Lanka? Although I am having difficulty locating it today for some reason, I did see an article a day or so ago posted by local media regarding IMF loans that seemed to attempt to make a point about reasoning for resisting foreign aid.
I plan to catch up on this week's UN meeting as soon as I have the time, but regardless it appears as though some feel that external aid continues to be a way to manage the policies of nations through exertion of external financial pressure. I admit that I don't know much about Sri Lanka and could stand some more education on the region but there seems to be some truth in the afforementioned assumption.
Also, there was some news reporting that Tsvangirai was seeking to permit foreign ownership of mines based in Zimbabwe to exceed 50%. This was quickly rebutted by the Voice of America which wrote that he may face resistance. After all, the policies of Zimbabwe have been to confiscate productive enterprises in farming and redistribute them to members of the indeginous population. Of course, some dispute the manner in which this has been carried out as political cronies seem to have aquired large tracts of land while others have had thier huts burned to the ground.
I do not condone Mugabe's actions over the past couple of decades or those of any rouge leaders with bad intentions for humanity, but note that by only imposing sanctions and issuing occasional rhetoric the west has not worked to improve the Zimbabwe situation in time to save many lives from devastation.
In my opinion there is no way to know with 100% certainty that tomorrow will ever come. Therefore, there is simply no excuse for promoting policies that permit genocide or misery in order for any prospective future human existance to prosper. In other words, I do not feel that the end justifies the means as the end is not guaranteed while today is already here.
I will be the first to admit that I stand to learn a lot about economics and foreign policy but I can also tell you that when the land you were born on, land that your ancestors paid money for and worked hard to make productive in order to feed many people of multiple races, is taken away and you are not given any compensation for is a difficult pill to swallow. This is especially true when you witness starvation in the region after the fact and have been falsely branded as a racist by international media.
I honestly see nothing wrong with majority rule in any nation and would love to see the local people of Zimbabwe become prosperous and healthy. However, it is my opinion from personal experience that the transition to a new Zimbabwe has been frought with lies and ommisions of truth.
Hi HOE,
I'm not an expert on Asian economies or politcs myself. But, what you raise are interesting points about the apparent shift in Zimbabwe.
You feel as if there is really no true shift and that it is all a sham. I think that the deaths of people so close to Tsvangarai, may show a different picture--especially the suspicious death of his wife.
But, stranger things have happened!
Thank you for keeping an eye on the issues!
Youri
Hi HOE,
Just to answer your first question, loans from international bank's are not clear cut, no strings attached loans.
The IMF, World Bank and larger regional banks, tend to want you to do some things in return, which may not at all be palatable to local leaders who really don't want external eye's in their national business.
So, countries, like Zimbabwe, tend to go on the rounds to individual countries, instead of going to the large multi-national banks.
Just that countries like the US and to some extent the UK, tend to ask for stronger or just as strong stipulations to spending of the money they loan LDC's.
Best,
Youri
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