Photo: IMF Staff Photograph/Stephen Jaffe A number of political movements participated on Wednesday evening in a march to express their rejection of the International Monetary Fund's (IMF) loan Egypt aims at acquiring.
Participants marched from the Egyptian stock market headquarters in Cairo headed to the cabinet headquarters where they chanted slogans such as "We will not be ruled by the IMF". They also held banners that are anti- "policies impoverishment and dependence".
Dozens of activists participated in the march.
Several parties and movements including the Revolutionary Socialists, the Egyptian Socialist Party, the Popular Alliance Party and the Egyptian Communist Party participated in the march which "Mina Danial Movement" called for.
In a statement distributed during the march, the participating parties called for rejecting the IMF loan and steering away from policies of borrowing from countries or international institutions that enshrine dependence.
The march criticized what it called a governmental insistence on moving towards market economy and the domination of businessmen and international companies on the national economy and the local market, stating that these policies "impoverished the people".
The statement called for pursuing national solutions for pushing the production wheel and put strategic plans to support agricultural and industrial production. It also called for renewing the infrastructure, establishing new housing projects that curb the effects of the crisis and employ idle forces.
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Good for you Egypt. The reason why so many African countries are in financial trouble is the "loans" they accepted from the "IMF" and other "helpful" groups. Now when Africa controls most of the world's most precious minerals they cannot reap the majority of the benefits. Africa is "poor" not because of the lack of minerals or products or even workers. Africa is poor because of the thefts by foreign governments of its resources through schemes to pay back monies borrowed. So again I say, Good for you Egypt. Struggle if you must until you can stand on your own but under no circumstances accept the money of the IMF. We have all been warned about taking things from Strangers.