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BRITISH STUDY LINKS IMF LOANS TO TUBERCULOSIS!!!

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Daanyeer
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BRITISH STUDY LINKS IMF LOANS TO TUBERCULOSIS!!!

Postby Daanyeer » Wed Jul 23, 2008 3:12 pm

Source: http://www.reuters.com/article/healthNe ... 4520080722
Mon Jul 21, 2008 8:47pm EDT
By Michael Kahn


LONDON (Reuters) - Austerity measures attached to International Monetary Fund (IMF) loans may have contributed to a resurgence in tuberculosis in eastern Europe and the former Soviet Union, researchers said on Tuesday.

Governments may be reducing funding for health services such as hospitals and clinics to meet strict IMF economic targets, the British researchers said.

The study, published in the Public Library of Science journal PLoS Medicine, found that countries participating in IMF programmes had seen tuberculosis death rates increase by at least 17 percent between 1991 and 2000 -- equivalent to more than 100,000 additional deaths. About one million new cases were recorded during the same period.

Nations that received money from other institutions with less restrictive economic conditions attached had seen a nearly 8 percent drop in tuberculosis death rates, David Stuckler and colleagues at the University of Cambridge said.

"IMF lending did not appear to be a response to worsened health outcomes; rather, it appeared to be a precipitant of such outcomes," they wrote.

But an IMF spokesman questioned whether the study took into account the instability following the break-up of the Soviet Union, and said it takes time for the disease to develop so the mortality rates could be linked to something previously.

"If the IMF had not stepped in to help the post-communist countries, the declines in health spending would likely have been more pronounced and disease generally more severe," IMF spokesman William Murray said in an email.

Tuberculosis is an infectious bacterial disease typically attacking the lungs that kills an estimated 1.6 million each year around the world. Continued...

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Re: BRITISH STUDY LINKS IMF LOANS TO TUBERCULOSIS!!!

Postby James Dahl » Wed Jul 23, 2008 3:28 pm

Signing an IMF loan is like signing a pact with the Devil, they never end up working to your benefit and you always end up losing things you never thought were even part of the deal.

It's better to have slow economic growth and impoverished people than IMF-funded growth.

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Re: BRITISH STUDY LINKS IMF LOANS TO TUBERCULOSIS!!!

Postby salafi_student » Wed Jul 23, 2008 4:30 pm

James Dahl wrote:Signing an IMF loan is like signing a pact with the Devil, they never end up working to your benefit and you always end up losing things you never thought were even part of the deal.

It's better to have slow economic growth and impoverished people than IMF-funded growth.


Somalia is a member of IMF .

Its suggested Somalia will have to pay back whole loads of dept plus never ending interest to IMF - when the country gets back on its feet. I remember about couple years ago, the current TFG in Somalia had unexpected visitor. IMF delegate visiting Jowhar to discuss with TFG the future plans of Somalia paying back the debts they sank into, a government who is barely surviving and people who cant feed them salves were perused at their worst time (at war with each other). Imaging what the grim future would look like when the dust is settled; People working few Shillings only to be taxed and money send to IMF - in that cycle of economic situation will surely keep Somalia to be the poorest country on earth and eventually could spark another civil war, survival of the fittest round 2. Peace that we're now in dire need will bring economic slavery we may never experienced. No win situation been an IMF slave and currently no where to escape.


May Allah Help us.

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Re: BRITISH STUDY LINKS IMF LOANS TO TUBERCULOSIS!!!

Postby Niya » Wed Jul 23, 2008 4:54 pm

"A Fate worst than Debt" by Susan George captures succinctly the perils of loans from the Bretton woods gang.


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