US EditionIMF and WB “a Reversed Marshall Plan” Says Lula
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4 Articles
IMF and WB “a reversed Marshall Plan” says Lula
Brazilian President Luiz Inácio Lula da Silva Sunday criticized the role of the International Monetary Fund (IMF) and the World Bank (WB) because they represent “a reverse Marshall Plan, in which emerging and developing economies finance the more developed world.”
President Lula criticizes, at the BRICS Summit, the paralysis of the WTO that harms developing countries The post In a speech at the BRICS, Lula criticizes the ‘Marshall Plan in reverse’ appeared first on Monitor Mercantil.
President Luiz Inácio Lula da Silva criticized this Sunday (6) the role of the International Monetary Fund (IMI) and the World Bank, institutions, which, in his view, “support a Marshall Plan in the wake of disasters, in which emerging economies and in development finance the most developed world”. The statement was part of the president's intervention at the second plenary session of the Co-Chair, at the Museum of Modern Art (MAM), in Rio de Ja…
The President then said that international aid flows are decreasing while, on the other hand, the debt of the poorest countries has increased in recent years.
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