juliaoceania
Posts: 21383
Joined: 4/19/2006 From: Somewhere Over the Rainbow Status: offline
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quote:
I understand the Belgian Congo had quite a well developed infrastructure, particularly of high ways., built by the Colonials. quote:
The Belgians provided nothing other than the minimum infrastructure necessary to support the extraction of the country’s vast mineral wealth, setting a pattern which has dominated this benighted country ever since. In 1925, under a mandate from the League of Nations (the precursor of the UN), the territories of Rwanda and Urundi (now Burundi) were incorporated into the Belgian Congo. (Both subsequently became separate countries.) After the end of World War II, the Belgian Congo was another African colony whose occupiers were concerned simply to dispose of it with minimum fuss and maximum commercial advantage. The Belgian Congo was duly granted independence, with minimal preparation, in 1960. http://www.iexplore.com/dmap/Congo,+Democratic+Republic+of+(Zaire)/History quote:
Dont forget that the African "elites" are complicit in and gain from this exploitation. Here is another story about that quote:
Despite the country's vast potential, under the Mobutu regime widespread corruption, economic controls, and the diversion of public resources for personal gain thwarted economic growth. The unrecorded and illicit transactions of Zaire's unofficial economy were estimated in the early 1990s to be three times the size of official GDP. The Congo's record with multilateral and bilateral donors has been uneven. Despite a succession of economic plans financed by the World Bank and the International Monetary Fund (IMF) since independence, budgetary imbalance, inflation, and debt consistently plagued the Mobutu government. In early 1990, both the World Bank and the IMF suspended most disbursements, and most bilateral aid was cut off. Unable to make debt payments, Zaire's borrowing rights with the IMF were cut off in February 1992; its World Bank credits were frozen in July 1993. Despite the introduction of a new currency, the New Zaire (NZ), currency issuance remained disorderly, and largescale inflation rose to over 9,000% by early 1994. http://en.wikipedia.org/wiki/Economy_of_the_Democratic_Republic_of_the_Congo In a class I had about the history of the African continent under colonial rule we learned about how some of these monies were given not only in the Congo, but other countries, even though the IMF and the WTO were well aware of the fraud and theft going on. It is still unclear whether the people will have to repay these debts that the WTO and the IMF KNEW were being embezzled and not used for their stated purpose, but they continued to give the money anyways.
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