Egyptian Govt Hopeful IMF Loan Will Improve Economy
Presidential spokesperson, Yasser Ali has said that a loan from the International Monetary Fund illustrates the international organisation's faith in the country's economy to recover and will allow it to attract investors.
International Monetary Fund's Managing Director Christine Lagarde (file photo).
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Dear people of Egypt please learn from other countries which are always under the rule of American government through a loan of IMF. Why does Egypt government asking a loan from IMF? Egyptians are the most civilized and educated people in Africa. They are capable to develop the country's economy with out loan if they set a good policy where the people of Egypt can benefits. Why do you choose Egypt to be a poor country? Learn from a good leadership in Eritrea.
Eritrea points Africa in the right direction http://www.nanews.net/MAIN.asp?ID=4502 For those who desire to see a more progressive, stable and rich Africa, the
sole choice is self-reliance. This school of thought wants African countries to take a serious look at how the dependence on foreign hand-outs is a primary cause of the continent's current state of misery.
An African nation which has seen this truth and took a strong decision to shun foreign dependence and do everything on its own is Eritrea. This tiny nation on the east coast of the continent, through out its short life, has implemented a meaningful policy of depending on itself.
Although this admirable affinity to self determination and self-reliance has landed the young nation in the bad books of others, Eritreans are persevering. And they are doing it with pride.
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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.