When Reagan increases the bank rate, capital flows from Western Europe to America. So if you increase the bank rate in Dar, money will flow in from the peasants. This is stupid but the IMF cannot be stupid so we argue.
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"The people are the true custodians of power."
"We spoke and acted as if, given the opportunity for self-government, we would quickly create utopias. Instead injustice, even tyranny, is rampant."
"We are all brothers and sisters."
"Independence means self-reliance. Independence cannot be real if a nation depends upon gifts and handouts from another."
"The greatest challenge facing Africa is to achieve genuine economic independence."
Critiquing the International Monetary Fund's (IMF) economic policies and their inappropriate application to developing countries like Tanzania.
Date: 1985
Work & MoneyFound in 1 providers: gemini
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