{"id":247,"date":"2007-05-18T16:45:17","date_gmt":"2007-05-18T20:45:17","guid":{"rendered":"http:\/\/www.trinidadandtobagonews.com\/blog\/?p=247"},"modified":"2007-05-18T16:45:17","modified_gmt":"2007-05-18T20:45:17","slug":"imf-propaganda","status":"publish","type":"post","link":"http:\/\/www.trinidadandtobagonews.com\/blog\/?p=247","title":{"rendered":"IMF propaganda"},"content":{"rendered":"<p><img loading=\"lazy\" decoding=\"async\" src=\"http:\/\/www.trinidadandtobagonews.com\/blogimg\/ttmoney.jpg\" width=\"150\" height=\"130\" border=\"0\" align=\"left\" alt=\"Financial\">THE EDITOR: IMF representatives at the Central Bank in Port-of-Spain recently advised that the reintroduction of price controls in Trinidad and Tobago to stem inflation and high food prices would be a backward step. It is unfortunate that some people accept the advice of the IMF without questioning the validity of their statements.<br \/>\n<!--more--><br \/>\nRecently the IMF released their annual report entitled, \u201cWorld Economic Outlook.\u201d The report forecasts that the world economy will grow but Latin America\u2019s growth will slow down. Over the last few years many Latin American countries have moved to the left and have repudiated the IMF\u2019s neo liberal policies that almost destroyed the region. <\/p>\n<p>President Kirchener of Argentina rejected the report saying that the IMF has been wrong in the past. <\/p>\n<p>During 1998 to 2002 when the IMF was lending billions to their economy they overestimated their growth and the economy collapsed. During 2003 to 2006 when Argentina rolled back neo liberal policies the IMF underestimated Argentina\u2019s growth. Yet the economy grew phenomenally. <\/p>\n<p>Ecuador\u2019s socialist President, Rafael Correa, an economist trained in the United States also rejected the report. Venezuela\u2019s Finance Minister Cabezas asked if the report is technical or political. In 2005 the IMF projected Venezuela\u2019s growth to be 1.1 percent, instead it grew by 10.3 percent! <\/p>\n<p>While everyone else sees the IMF for what it is Trinidadians still foolishly accept its neo liberal propaganda and politically biased \u201ctechnical\u201d reports. <\/p>\n<p>Can\u2019t Trinidadians see that the IMF\u2019s solutions will not bring any change to the illiteracy and poverty that this country drowns in? <\/p>\n<p>RAPHAEL JOHN LALL<br \/>\nErin<\/p>\n<p>http:\/\/www.newsday.co.tt\/letters\/0,57337.html<\/p>\n","protected":false},"excerpt":{"rendered":"<p>THE EDITOR: IMF representatives at the Central Bank in Port-of-Spain recently advised that the reintroduction of price controls in Trinidad and Tobago to stem inflation and high food prices would be a backward step. It is unfortunate that some people accept the advice of the IMF without questioning the validity of their statements.<\/p>\n","protected":false},"author":4,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"ngg_post_thumbnail":0,"footnotes":""},"categories":[4],"tags":[],"class_list":["post-247","post","type-post","status-publish","format-standard","hentry","category-letters"],"_links":{"self":[{"href":"http:\/\/www.trinidadandtobagonews.com\/blog\/index.php?rest_route=\/wp\/v2\/posts\/247","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/www.trinidadandtobagonews.com\/blog\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/www.trinidadandtobagonews.com\/blog\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/www.trinidadandtobagonews.com\/blog\/index.php?rest_route=\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"http:\/\/www.trinidadandtobagonews.com\/blog\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=247"}],"version-history":[{"count":0,"href":"http:\/\/www.trinidadandtobagonews.com\/blog\/index.php?rest_route=\/wp\/v2\/posts\/247\/revisions"}],"wp:attachment":[{"href":"http:\/\/www.trinidadandtobagonews.com\/blog\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=247"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/www.trinidadandtobagonews.com\/blog\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=247"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/www.trinidadandtobagonews.com\/blog\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=247"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}