The mistake that puts Haiti in the class of the poorest nations on earth started with a sneaky move by the World Bank and the International Monetary Fund.
You see. The plan of the World Bank and the International Monetary Fund after World War Two was to make the world a better place. To be honest, this objective looks great on paper, but the end result of their practices in dealing with poor yet resourceful nations like Haiti is purely evil.
Anyone who believes otherwise is a fool because there are too many countries that can be used as evidence. Their systems of loan’s conditionalities are not created to maintain accountability. They use them to pillage resources and destroy poor countries economic and national sovereignty.
It has been 72 years since the establishment of the IFIs. Their goal was to make the world a better place. What have we seen instead is chaos, carnage, and greed to the highest level.
The poverty gap has grown larger while the rich nations get exponentially richer. The unsustainable banking system of the IFIs is at the heart of the problem.
Here is how the World Bank and the International Monetary Fund destroyed Haiti
|Haiti was once a rich self-sustaining rice producer.|
The country was fine until the government was forced by the US to take a few loans from the World Bank and the IMF in the 80s. Almost immediately the country was gone through a spiral of rapid economic decline that no one has ever seen before. Today Haiti is the poorest country in the western hemisphere.
How the hell did a self-sustained nation becomes a foreign aid dependent in less than two decades?Well, here is how it happens.
The International Monetary Fund's conditionalities for borrowing money stipulate countries that want to borrow money must accept and implement immediately its four most destructive conditions. So Haiti did exactly that. It implemented a lower tariff on imports, trade liberalization, deregulation, and privatization of state enterprises.
Haiti used to charge a tariff of 35% on imported rice but drop the rate to less than 5%. Every restriction on foreign goods was completely eliminated. Moreover, the government liquidated all its assets. This why you no longer have Ciment d'Haiti, Teleco, etc.
Now the door was wide opened, so the United States, France, and Germany (top IFIs partners) littered the Haitian market with cheap subsidized rice, beans, and other goods which destroyed the local rice market and put 50% of people out of work.
The blow that buries the nail in the coffin
|All Haitian pigs were killed and replaced with foreign ones.|
Today Haiti imports almost everything it needs from IFIs partners, the local economy is destroyed, agricultural production is gone, and now the government is completely controlled by NGOs.
All of these things happened partly because of the World Bank and the International Monetary Fund practices and governance. Their reputation proceeds them everywhere they go. Haiti is just another victim added to the long list.
- Aida Parker (2017). The Haitian Holocaust.
- Milo Milfort (2016). The foreign roots of Haiti’s hunger.
- Amy Wilentz (2015). How America and the Rest of the World Ruined Haiti.