Govt must not accept advice from IMF - EFF

politicsweb.co.za

- politicsweb.co.za | 7 months ago

Wednesday, 19 December, 2018 The Economic Freedom Fighters notes that the Managing Director of the International Monetary Fund (IMF) is currently in South Africa, and has held meetings with the outgoing President of the Republic, the South African Reserve Bank and National Treasury.

The EFF strongly advises that the South African Government should not accept any economic advice from the IMF, because it is empirically and historically responsible for economic models and systems that devasted poor nations and condemned poor people to absolute poverty. The IMF's economic logic wherever it intervenes seeks to create business conditions for the greedy, rapacious and callous multinational corporations, whose interests will never coincide with the interests of ordinary people.

The IMF's core belief is that the State should not play a role in economic matters, and what this means for South Africa is that the economically marginalized will forever remain on the margins.

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