By MARVELLOUS SAKALALATE former American President and Statesman John Adams once famously said “There are two ways to conquer and enslave a country. One is by the sword. Another is by debt.”John Adams’s statement is staggeringly backed by a Bibilcal verse found in the book of Proverbs 22:7, “The rich rules over the poor and the borrower is a slave of the lender.”Figuratively speaking, debt is the new form of colonialism or slavery – at least going by the given quotations from John Adams and the wisest man King Solomon who wrote the book of Proverbs.Before I digress from the topic which – is the International Monetary Fund the solution to Africa’s problems? I would be doing a disservice if I do not highlight a brief background of the IMF and who they really are.Established in 1944 in the aftermath of the 1930’s Great Depression by 44 founding countries with a purpose of building a […]
IS THE IMF THE SOLUTION TO AFRICA’S PROBLEMS?
