You are viewing a single comment's thread from:
RE: Steemit exclusive...Photos during and post Hurricane Irma ravaged through St Maarten...
"because of the terms and conditions"
They might be quite correct to do so. International bankers are usually well-cloaked bloodsuckers.
On the flip side of things a lot of the economic mess some of the islands find themselves in are solely loans by these organization...we have a saying when dealing with them "better to ban your belly and suck salt" before accepting any package...Quite a few islands have gone under Structural Readjustment Program with the IMF, and within 5 years they are back to where to were and even worse in some cases...I am not to much of a big fan of their austerity policies crippling and causing unnecessary suffering...When you get a loan from them, they dictate down the salaries that public servants can get, added to that, the government of the day has to ignore the plight of their people to follow their guidelines...We are heavily dependent on Tourism, its bread and butter so its a tricky situation moving forward...We have some interesting politician in the region but very few are progressive or strategic so these bankers would always have them in their pockets and most of our institution are weak or heavily dependent on their funding so they can't shape policies or cause any meaningful change
"they dictate down the salaries that public servants can get, added to that, the government of the day has to ignore the plight of their people to follow their guidelines"
Yes, they effectively totally subvert any government that they are involved with. The cost of the loan is also sovereignty.
We have to fight on and create innovative financial instruments, more reasons why I am excited about what cryptocurrency can do and the impact it can have
Same reason I'm here!