IMF Reports that:
The world is going through the most dangerous financial crisis since the 1930s.
Coordinated global action is starting to reverse the tide of the financial crisis, but governments also need to “deploy all instruments” to limit damage to the real economy, IMF Managing Director Dominique Strauss-Kahn told world financial leaders meeting in Washington.
IMF Managing Director Dominique Strauss-Kahn also said that developing countries, “face reduced export demand and reduced access to trade credit.”
Read more here
The Maldives with the highest per capita income in the region, and highly vulnerable by the impact on its “export demand” through tourism and fisheries, and almost negligible trade credit, does not seem to be able to take note of the approaching “tsunami” – if you will.
What are we doing about it? How do we bring this to the attention of the nation’s leaders, who just appointed a Governor to the MMA who does not have any fiscal or monetary policy experience?
October 17, 2008 at 6:54 pm
Im not disagreeing, im jus sayin when people start citing their hypocritical statements, and quoting them, it gives them a kind of credibility that, say a murderer should not have when he makes a statement after killing someone in cold blood..cheers
October 17, 2008 at 2:13 pm
@anon October 17, 2008 1:42 PM:exactly. we need not believe the imf or the world bank. but we live in a globalized world and we need to do something before the imperialists annihilate us.
October 17, 2008 at 1:42 pm
fok the IMFPlease read little more into these economic-pogroms than just what the IMF or WB says……please wake upPlease read about the IMF, it’s history, it’s origins, why and how it came to exist in the first place..one day we were born, and then we heard about IMF some years later, they give “loans” to poor countries so that they can become developed….that’s not the entire story you knowthanx
October 17, 2008 at 11:27 am
yes, indeed, political actvists who are busy with planning how to bring down a dictator, who has paved the way to form a multi party system, established independent institutions to ensure check and balance, saperated the constitutional powers,awarded the right of expression to an extent that any body can assassinate the character of individuals,gave freedom to the press and media, brought a tremendous changes in various spherers of life and raised the standard of living from zero ground,will have time and energy to think about the nation if everything goes accordingly.