Chilean
President Rejects
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Ecuadorian
President Hails G20
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Trial On April 7
Bolivia Slams G20
Funding to IMF
Bolivia Slams
G20 Funding to IMF
La Paz - Bolivian President Evo Morales on
Friday slammed the decision by the recently
concluded G20 summit to inject $750 billion
to the International Monetary Fund (IMF) to
fight the global financial crisis.
It is like to entrust the care of the sheep
to the wolves, Morales told the foreign
press in La Paz.
According to the Bolivian head of State,
those funds are just part of speculative
capitalism, the only responsible for the
current economic problems in the world.
There is euphoria at the IMF and rich
nations, because they managed to impose
their objective of injecting more money to
speculative capitalism, he told Prensa
Latina.
According to Morales, many irregularities
surrounded the G20 agenda and proposals.
In the first place, it would be relevant to
all countries to analyze the anti-crisis
solutions in a forum, instead of being
proposed precisely by those guilty for the
phenomenon, he said. According to the
President, another incomprehensible issue is
giving money to a discredited institution as
the IMF.
The world needs a new organization, or at
least, a true change at the IMF and the
World Bank, he said.
If we want to solve economic problems, we
must first end the free market, then the
speculative capitalism, he added.
Morales supported Brazil, Argentina, and
Mexico, which have called for a new
international economic order.
He also recognized the interest shown by
France and Germany in fighting the so called
tax havens, as nations that offer excessive
and damaging tax facilities.
Germany, Canada, the United States, France,
Italy, Japan, the United Kingdom, and Russia
(members of the G-8), together with Saudi
Arabia, Argentina, Australia, Brazil, China,
India, Indonesia, Mexico, South Africa,
South Korea, Turkey and the European Union
participated in the G20 Summit in London,
held on Thursday.
Spain, the Netherlands and the Czech
Republic attended as guests countries. The
summit was shaken by anti-capitalist
protests, which left a death and more than
one hundred people arrested.
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