Skip to comments.IMF says Arab Spring countries need USD90b (why should we foot the bill)
Posted on 05/07/2012 5:57:30 AM PDT by Milagros
IMF says Arab Spring countries need USD90b MENAFN.COM 03/05/2012
(MENAFN) The International Monetary Fund's (IMF) director for Middle East and Central Asia, Masood Ahmed, stated that countries which were swept by the Arab Spring need USD90 billion, as they lack cash, reported The National.
Ahmed added that during the current year, Arab oil importing countries will need USD90 billion, whereas the amount will be expected to grow to USD100 billion in 2013.
He also said that jobs' creation is still a main priority, as the political unrest weakened trade and tourist links with the euro zone, deteriorating economies, thus, reducing incomes and increasing unemployment.
Moreover, Egypt and Tunisia are the main countries that were affected by the Arab Spring, with new demands for faster change from citizens and the withdrawal of foreign investment have worsened the challenge.
It is worth noting that the IMF still has approximately USD35 billion available to aid Arab Spring nations, however, the rest of the amount will have to come from other organizations and countries. http://www.menafn.com/menafn/1093509796/IMF-says-Arab-Spring-countries-need-USD90b
Because “we” have allowed an idiot into the position of authority which enabled this problem.
Gotta decorate the rape rooms and build presidential palaces. Need to build firing-squad ranges with 90,000 seat stadiums wrapped around them. That stuff costs money.
Egypt is really on the brink.
Half of its people rely completely on Gov’t subsidized propane and wheat for their daily survival. The Egyptian Gov’t (whatever it is) is down to about 2-3 months of Foreign Exchange cover for basic imports. The Muslim Brotherhood is fomenting a crisis now, cutting of gas sales, etc... so it can blame the military/transition Gov’t for the coming collapse.
Any money for them now will be to simply keep the country on life-support. It will solve nothing.
Just watched “The Kingdom” again Saturday.
I have no sympathy for these folks’ leadership. Maybe they could have a bake sale.
And how is this OUR problem?
What you wrote is very understated. Egypt is facing a horrific disaster, and nothing anyone can do can stop it.
It has a population of 80 million, 10% of whom have hepatitis C, and more than half of the total are reliant on imported food. The MB has cut off natural gas to Israel which was one of their largest and most reliable sources of desperately needed income.
And the MB has also rejected foreign loans, actually for the sensible reason that the military government would steal all of it, leaving nothing but debt to show for it.
Speaking of which, the military leadership are sending as much loot overseas as they can for their retirement as soon as the MB takes over. Of the $1.5 billion Obama just sent to Egypt, 80% of which is military aid, all of it is going to the military leadership (possibly as a none-too-subtle bribe for them to indeed turn over power, instead of contriving an excuse to keep it.)
About the only nation with enough money to even keep Egypt barely fed is Saudi Arabia, but while they are willing to send radical imams as foreign aid, they are not big on giving money or food to other Muslims if there is nothing in it for them.
Egypt’s medical system has already collapsed. And what do you do with 40-60 million starving people? I doubt there is much for such a gigantic mass of people in Libya or Sudan.
I know! We could borrow the money from Arab oil sheiks!!! /s
Here's an idea, let's buy’em all a flat screen tv while we're at it.
Meanwhile, as the music continues, in the socialist musical chairs game of LiarEconomics, the United States is broke at a level unprecedented in the history of the world.
No problem. There is plenty of money in “Obama’s stash” to support the Obama inspired “Arab Spring.” Make no mistake. This IMF money will come out of the hide of the American taxpayer. This won’t even require increased taxes. As that economic genius Keynes said, “By a continuing process of inflation, government can confiscate, secretly and unobserved, an important part of the wealth of their citizens.” Still this 100 billion will not be enough. Virtually every nation is consuming more than it produces. The day will come in the not to distant future when the credit cards are maxed out and the masses face starvation. Western nations are plagued with violence now. Can you imagine a situation when people are rioting because they cannot get food rather than free contraceptives or free college educations.
Send the bill to Beijing.
You seem very well informed on the issue. What reading would you suggest so i could learn more on the matter?
LOL @ Presidential rape rooms, exactly right, priorities.
I see no reason to help them, let them fail and eat sand unless their Arab Muslim brethren help them. And we need to increase the price of our grain.
We could always follow Cubas lead and buy them all rice cookers. Oboma would receive all kinds of left wing praise. Political problem solved!
Perhaps they could get it from Arab oil EXPORTING countries. They've already got a lot of our money anyway.
And to the filthy-rich [selfish, stingy] Arab Gulf.
In other words, Islamists make the Arab world even poorer.
Little barry bastard commie and his henchthugs financing the islamic world revolution. Nothing more. And yet the feckless republicans enable them ... America, we need to talk, to talk about the deep trouble we’re in for not electing the right people to be the government of our We The People Republic. We’re losing it, people!
We all got needs. Go ask the Saudis, Iraq, Kuwait, UAE, Abu Dhubai. Go ask Iran.
Ditto, it's more of an Islamic revolution anyway.
Exactly. All contributions to FR, are needed, especially in this obama-shabby-economy.
Egypt and hepatitis:
The rest of the info is gleaned from a lot of sources, and the situation is rapidly changing. Other loans were hinging on the IMF loan, which was first rejected by the military, and then maybe rejected by the MB, as well as the leading political party.
But at this point, loans are likely not enough.
They need a $100 billion, eh? That’ll bring the dollar down more for sure.
Does anyone know of a single commercial product produced in one of these countries? Other than oil - which we found, drilled and extracted for them.
Cars? refrigerators? Computers? Wheat? Tires?
If they never create anything of value, shouldn't they expect to lack cash ?
Thank you. I was not so much interested in the capital as the other evidences of the society breaking down.
Arab spring countries need our bucks so that they can turn the cash around and donate it to their guy in the white mosque.
Hmm... the "newest / freshest" Koran with the same old version of Christians/Jews being apes pigs?
Hell, why not give them the cash?
After all, WE paid for the planes they used to smash into the Twin Towers and the Pentagon...
...paying for the rope our enemies use to hang us is what we do.
(extreme sarcasm natch)
I need 2 million in cash to retire. Where do I apply?
Now your'e talking.