[Firestarter]

World Bank “helps” Yemen to destruction

The IMF and World Bank have been “helping” Yemen to destruction since at least the 1990s.
I have found a plan that details the strategy of the IMF and World Bank from 1999 to 2001 for Yemen.

First a short summary of this strategy.
The dirt poor Yemen must pay off their “debts” to the banks by increasing tax collection, while at the same time increasing prices. For example in 2005 protests broke out when the Yemeni government guided by the World Bank increased the prices of oil, diesel and gas with respectively 100, 200 and 50 per cent:
Increase the power of the legal system to protect the financial institutions
Decrease subsidy, so what’s left of the economy will collapse, but on the other hand increase the spending for hospitals and education (so that only the good slaves will survive).

Following is my (more detailed) summary of the strategy of IMF and World Bank for Yemen with excerpts.
Increase prices

raising subsidized prices despite lower world market prices (also for cereals), thereby significantly reducing subsidies, and by cuts in development expenditure (…)
the intensive civil unrest following the June 1998 increases in administered prices pointed to the need to enhance public awareness of the reform program to ensure that further progress on reforms is not delayed.

Increase taxes

the taxpayer identification number system (TIN) will be extended beyond the current range of major taxpayers to medium- and smaller-sized contributors and will be enforced through penalties for non-observance. In addition, the need for computerization to enhance the effectiveness of the TIN's use will be reviewed.

Reduce subsidies

in January 1999 the government eliminated the wheat subsidy by liberalizing the trading and pricing of wheat--well ahead of the initial target date--and plans to halve the flour subsidy through an increase in price early in 1999. The flour subsidy will be abolished in full by the start of 200

More hospitals, pharmaceuticals, and schools

GDP for 1999-2001 are to be increased to average 8.2 percent for education, 1.6 percent for health, and 1.2 percent for social safety net programs. In addition, reform programs will be implemented in the education and health sectors to ensure better management of scarce public resources (…)
To support this effort, trade in pharmaceuticals will be delegated to the private sector by eliminating the government procurement monopoly effective by the year 2000.

Increase repaying of debts and a strong legal system to protect the banks

The soundness of the banking system is vulnerable because of weak enforcement of prudential regulations, high levels of nonperforming loans in certain (mostly state-owned) banks, and a weak judiciary system
(…)
government gives immediate priority to introducing the legal, judiciary, and regulatory framework necessary to establish a free market environment for private sector activity and investment (…)
A new Central Bank Law will soon be approved by the cabinet with the goal to become effective by end-1999. It will give the central bank greater independence and focus its mandate on price stability through changes in the composition of the Board of Directors, allow it to issue its own securities, if needed, for open market operations, limit public sector financing to emergency loans, grant it freedom to define and adopt its own monetary and exchange rate policy, and require greater accountability (…)
Accordingly, the reform program over 1999-2001 will include specific steps aimed at advancing reintermediation in a competitive market environment and in particular to unblock the loan recovery process. Measures such as requiring that all court decisions be made in writing and published promptly, strengthening enforcement through introduction of a bailiff system, establishment of a quantitative system for monthly monitoring of court operations, and reducing the fee for filing a case in court will be considered. The delinquent borrower notification system implemented in 1997 will be continued.

https://www.imf.org/external/np/pfp/1999...ndex.htm#I
(http://archive.is/EuR9c)


In 2005, the World Bank and IMF policies led to riots in Yemen: https://www.dawn.com/news/148827/wb-imf-...s-in-yemen


And it’s not only the bombing and blockade that finishes the destruction of Yemen.
The situation is in turn used as an argument to stop the “humanitarian” aid to Yemen.
The banks simply block the transfer of money to import food. They don’t even disguise their sick plans!

In July 2016 importers couldn’t import food to Yemen, because more than $260 million of their credit couldn’t be transferred to foreign bank accounts.
In turn the traders must ship the money in cash to the food seller (for example by plane) to purchase food: http://www.reuters.com/article/us-yemen-...SKCN0ZU0F2
(http://archive.is/QrGZG)


In December 2016 wheat imports to Yemen were simply stopped due to a “crisis” at the Yemen Central Bank. They can’t import because it has “no access to foreign reserves at all”: http://www.reuters.com/article/us-yemen-...SKBN1450H6
(http://archive.is/tpJhf)


For more on the ignored genocide of Yemen: https://www.lawfulpath.com/forum/viewtop...f=7&t=1146