Candace Owens BTFO Business Insider Reporter Rachel Greenspan
And that is how you do it.
https://twitter.com/RealCandaceO
IMF and World Bank Announce Unprecedented Debt Cancellation Programme to Address COVID-19 Pandemic
“As the world's leading finance institution,” the statement continues, “it is vital that we step in to guide the invisible hand of the global market in the right direction.” The Fund acknowledged previous policies that impacted the basic needs of billions of the world’s poor to the dictates of financial institutions’ austerity policies and that the unprecedented nature of the global pandemic demands a shift of The Fund’s policy priorities to stem massive economic repercussions.
​
“We are humbled by this economic crisis and the role that we have played in precipitating such a scenario. For years, the entire international financial system, created from our Bretton Woods charter, has set countries up for the adoption of free market ideals. By providing loans across the globe, we have helped countries spread their goods and in turn strengthen the bonds and livelihoods of everyday people,” according to the statement. “However, with more and more countries facing the challenge of a global pandemic, we’ve decided to throw our massive weight into this delicate job.”
​
We are moving forward with a new process that will immediately cancel the debt of the 27 countries facing debt distress. Additionally, all 76 of the World Bank's International Development Association (IDA) countries will receive full debt cancellation. All developing countries categorized either as Middle Income Countries or Low Income Countries who face high debt vulnerabilities will see a full cancellation of debt. In total, this new process will apply to 111 countries. These countries will receive full cancellation of all debts as they wrestle with the COVID-19 Pandemic.
​
https://www.imf2020.org/press