here's the theorist but the selective coverage and selective concern for some humans rights and off the rights of others well it smells a bit fishy to me but that's just my opinion. vent to do last year twenty two million hc to go fer tile. and was stolen from african farmers by c. d. k. other words it was handed over to all bought by hedge funds and multinational societies we. so when the world bank says yes we have to encourage foreign investment. to give this pool exploited african land to the fruit farms in ma say in buffalo or to new york hedge funds. did your because then they are capable of making this land profitable now that is

a motorists argument for the farmers who work locally. sourced process i think for a country to make the best use of those resources that it has in abundance and to. given the limits of its own domestic market of course to export those resources in order to generate wealth and that's a strategy that a number of not just african countries but countries in throughout the world that have done very well by this so i wouldn't look at it in the narrow perspective of just be able to reimburse death debt but in fact as a way of generating wealth and generating opportunities for growth and through growth progress on poverty reduction. everywhere where the i.m.f. imposes structural adjustment involving the extension of land devoted for x. . port led agriculture the greater the number of people going hungry.

only twenty percent of africa's population has access to drinking water and contrary to widely held belief there is no lack of water in sub-saharan africa however the policies put in place by the i.m.f. in the aftermath of structural adjustment plans have only aggravated the difficulties people experience in accessing water sources. lack said access to drinking water in this village is an acute problem and it is because of these structural adjustment programs because the state has considerably reduced its budget for the water sector and has not provided the economic and financial resources to create or improve existing water sources use them. so the situation is dressed take when it comes to what i feel my bucket of water

because there is no point to hope for running water which you have only a few hours during the night not every night and sometimes you can go for five or six days without any writing letter at all so everyone looks for a place where there are wells those who can go to the well let's go to the river and make do with that. the reason that the heavily indebted poor country initiative was. thought to be desirable was in fact by me the international community it was that it was very clear that the. poor countries were drowning under the amount of debt. and so every year they would borrow money. and they would use that same amount of money to pay back a bit and the net result is that it was really nothing remaining in the middle.

names wolf and so on played a very significant historical role by launching the heavily indebted poor countries initiative. and by making the governments of the o.e.c.d. countries understand and admit that it wasn't possible to continue to perpetually refinance african debt even with subsidies which in fact amounted to gradually stopping it but within a system that kept african countries in a situation of political financial dependence which was politically economically and culturally highly damaging for everyone on the national. we have put in place another process of reform which this time instead of dumping growth which has often been the case with structural adjustment programs encourages growth we began by preparing

a strategy document to reduce poverty which emphasizes social aspects this is not necessarily the case with structural adjustment programs it is a range of reforms that takes into account social aspects which largely seem beyond structural adjustment programs. but i will not tell you about the details about how difficult it was to set up something that was completely new at the time. that the results in the countries that have already benefited from this debt relief have been positive we have seen that these resources have been reassigned in large part to human development activities to develop. the board to swipe clean. no alas no if you look at what in two thousand that is to say just after the introduction of this new wiping out movie and two years of adjustments and then in two thousand and six.

after all this here is after some cancellation measures you notice that the debt for the poorest was reduced by one point four percent so i see who i was making fun of. an example of how developing countries economies were courts going to vise like scenario where on the one we are told that our debt will be reduced so that we won't have to get into debt again and on the other hand we have no money in our accounts so we should make do with a little money we have i don't give a damn about the conditions for cancelling the debt when they say we will cancel the debt you will now have health care and education but how will we have it when in order to cancel the debt they make you a forest code a mining code in an investment which no longer allow you to be sovereign in your

national resources we see this how much plundering of mineral resources goes on forests environmental destruction the very confiscation of some public companies confiscation i say so how will the government have money to take care of social affairs even if we cancel the debt so it's really a masquerade when they talk about reducing poverty the world bank program that the debt forgiveness programs of the world bank and the i.m.f. promote these days and the u.s. government and the others are shams for the most part because they're telling these countries and the african nations particularly recently have suffered under this that ok we'll forgive your debts but you have to accept these conditionalities. yes you know you have to open your doors totally to privatisation by our corporations you have to sell off all your assets to our corporations your utility companies your water and sewerage system companies your telephone companies your schools your

jails are going to sell all that off to our corporations they call it is this if you amputate a person's limbs that's how explain it they cut off one of your limbs here one there and then they say to you you are free but you are free sir so we fought against poverty but when you asked the question but how am i going to eat if i have no arms how am i going to walk much of it they say to us no no we will come with a spoon and we will feed you is that what you call freedom. the so-called heavily indebted poor countries initiative allows states that have respected i.m.f. recommendations to obtain a cancellation of a share of that debt. which logically should give them a boost in terms of budgets. and reality though he only makes it possible for the new financial actors to step into the breach and make outrageous speculations which have been nicknamed vulture funds.

for that you need to the process of vulture funds is quite straightforward in fact you are an investment fund you buy it tends to a hundredth of the value of a debt contracted ten years ago it is now twenty years old and everyone thinks that it will never be reimbursed you go before the court and demand the full reimbursement of the debt in addition to interest and areas this means that you have a grotesque situations where for example kensington a fund based in the cayman islands coincidentally two million of deaths from congo brazzaville and afterwards went to demand one hundred twenty million before the courts you know the would sixty times the national some what it of course do they said your rights the credit is always right it is the contract that wins out over the constraints that the country in question makes period. we have been victims of funds we have been lynched by vulture funds we have almost

lost our dignity as a sovereign country because of these vulture funds these funds have made it possible to capture oil cargos destined for export on the high seas these vulture funds have hunted down. i'm going to tell you a story that is my predecessor arrived in washington for the annual assemblies of the i.m.f. and the world bank there he saw a man bring him an arrest warrant which would send him to prison in the united states. my predecessor had officially come to take part in these general assemblies . but this man had come in the name of the vulture funds it was a nightmare for us we knocked on all the most important doors of the world to ask for help to solve this problem so overwhelming it was for us it didn't happen we took things in hand we sat down with these people and we talked today we are rid of

these people but it's true it hurts but if i had one piece of advice to give even if i am badly placed to give advice that every country should avoid anything to do with these people especially control its debt so that it doesn't find itself on the second markets by the vulture funds which make money on the backs of so-called weak states. but the paradox is also that thanks to the. discovery to congo brazzaville in particular. the secret council of. but i think the issue of buying and selling debt is. in market. because as oppose to for example. dead mean worth nothing sometimes that can be traded at

a discounted rate and that is acceptable commercial practice what we don't want is to have speculation that artificially inflates the value of the debt cyclical the club that creates a lot of problems. in many difficulties and do we have to think about limiting the use of these instruments for highly indebted countries. think it's the. economic ups and downs in the final months thanks to the deal sank i and the rest because i was going to be a little bit of a prickly onstage and.

i play this street corner. in love with a waitress i go on stage managing the there's an audience i used to take drugs and drink like a fish called the police told me about the circus but i was such a punk i was like what circus. circus of clinton's gonna. break down stereotypes about kids from disadvantaged backgrounds. the olympic torch is on its epic journey construction. one hundred twenty three days. through two thousand nine hundred ton two cities of russia. relayed by fourteen thousand people or sixty five thousand killing. in

a record setting trip by land air sea and others face. a limp big torch relay. on r t r two dot com. the multi-state finds itself in an untenable situation since the adoption of a new mining code imposed by the world bank the country which before. is no longer

but a minority shareholder. and is a perfect example of an organized hold up on the country's gold. despite months of secret negotiations with still forbidding to access this site. serious presumptions weigh on this mind which contaminated the region with cyanide and nikki used in the treatment of precious metals. nobody dares talk of it without their faces covered for fear of losing their job. as somalia khan talk about it. concerns us the workers in the mine and the locals is that we haven't learned anything for ten years and if we don't live here there's nothing to drink here there's no drinking water these little boxes which you see surrounding us. so this is where the work of the mine live.