Fwd: [stop-imf] IMF insists Ecuador pay debts before health care

Miles Jackson cqmv at pdx.edu
Mon Jul 15 16:54:46 PDT 2002


On Mon, 15 Jul 2002, Doug Henwood wrote:


> ECUADOR: IMF Wants Future Oil Revenues to Service Debt, not Health
> By Kintto Lucas
>
> QUITO, May 29 2002 (IPS) - The IMF has conditioned approval of a loan to
> Ecuador on the modification by parliament of a law that earmarks for health
> and education 10 percent of revenues from the oil exports that will be piped
> through a new heavy crude pipeline still under construction.

Predictable, but pretty disgusting. At least I have another egregious example of IMF policy for my soc classes.

Miles



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