Physical Economy

re posted from                           AFRICA AND THE WORLD

African Leaders Speak Out for Physical Economic Growth at World Bank Forum

Watch Ugandan President, Yoweri Museveni’s at the World Bank’s International Development Association (IDA) summit, April 29 in Nairobi, Kenya

May 22, 2024

African leaders are displaying signs of resistance to simply taking orders from the Western controlled international financial system and their so called rules-based order. Their opposition to the diktats from the  political-financial oligarchy has been demonstrated on two crucial fronts: energy and manufacturing.

Increasingly, African leaders are resisting demands from “developed” nations, whose populations have already 100% access to electricity, that less developed nations can only use so called renewables. The “advanced sector” threatens nations whose populations are literally dying from the lack of electricity, that they will not receive funds for investment in fossil fuel production. In other words, they insist African nations endowed with vast hydrocarbon natural resources should be prevented from utilizing these resources to produce electricity, which is necessary to improve the lives of their people. Under the cover of their duplicitous concern for the environment, the West is willing to have millions of Africans die with their deceitful cries to “save the planet.“ The two-faced nature of the rules-based order and their financial intuitions is demonstrated by their lack of support for major hydro-power projects in Africa. The United States and Europe have not supported the Grand Renaissance Dam (Ethiopia-5,150 MW), the Grand Inga (Democratic Republic of the Congo-40-50,000 MW), of the multination water project, Transaqua.

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African Leaders Speak Out for Physical Economic Growth at World Bank Forum