Neo-liberal Serbian government signs unnecessary WB loan

[Crvena zvezda]

Serbia, WB sign Corridor 10 loan
13 July 2009

Serbia and the World Bank have signed an agreement today for a loan worth USD 388mn for construction work on the Corridor 10 highway.

The deal was signed by Finance Minister Diana Dragutinović and the head of the World Bank’s office in Serbia Simon Gray.

An agreement between the World Bank and the Serbian Corridor 10 company regarding the realization of the loan was also announced.

The World Bank board of directors approved the money on July 9, which is the single largest loan this financial institution has ever given Serbia.

Infrastructure Minister Milutin Mrkonjić said that Serbia will be able to use it starting September 1.

The money coming from the World Bank will be issued to construct the following stretches of the highway: from Dimitrovgrad to the border with Bulgaria, from Grabovnica to Grdelica and from Vladičin Han to Neredovac.

[Crvena zvezda]

This shows the inherent corruption in our politicians. Our politicians are tools of international finance.

There is enough private interest for the EU sponsored "Pan-European Corridor Projects" for the private sector to do this without the govenrment taking out loans. The neo-liberals on the other hand want to enslave us to the IMF/WB.

What is worst is when Karic's telekom assets were siezed and privatized there was more then enough money for the government to self-finance this major project.

What's happened to this money? Probably still lying in accoutns to be wasted on small projects in an attempt to win votes [Like 200 million so-far].

[RoyBatty]

Of course, it's the same old scam from the usual institutions (IMF / World Bank) to enslave countries.

They make cheap loans available for "white elephant" type infrastructure projects knowing full well that a lot of the money is simply going to disappear straight into the pockets of the politicians and their friends before a stone is turned. The country is naturally saddled with the debt which needs to be repaid.

The real scam is usually in the less publicised fineprint of these deals. They are usually conditional on the victim country "liberalising its economy" meaning that it needs to be "opened up to foreign investment".

The translation: - remove obstacles preventing the global banker mafia's takeover of your country's infrastructure, sell off state assets to them on the cheap and so forth.

For those who are interested in learning more, it's all explained in easy English by this gentleman.

http://www.youtube.com/watch?v=yTbdnNgqfs8

http://www.youtube.com/watch?v=29GhXsx7-Rs