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News :: Globalization : International
Statement by Comrades from Cairo to the IMF
by Comrades From Cairo
04 Nov 2012
The following statement was released by Comrades from Cairo on October 30, 2012. (computer translation) --- Dear friends, the next period will again face a familiar foe that many of you have and continue to fight. International Financial Institutions (IFIs) such as the International Monetary Fund (IMF), have long been assisting in the looting of the Egyptian economy and the displacement of the Egyptian people. Our goal is to resist in these institutions and their depredations. Because we know that this struggle is universal, send this letter to all those working in solidarity against the bankers and their friends.
---- After the revolution, these organizations
put once again the target of the country, hoping to consolidate and extend
their control. Citing "economic instability", they want to impose their
program in Egypt - an affordable solution that will increase, once again,
the gap between rich and poor and will endanger the livelihood of millions
What we call "instability" is nothing other than the revolt of the base
that opposes the status quo of political and economic hegemony of the
The real problem is that we have yet to remove them - trained to
International Financial Institutions - economists continue to manage the
ministries and our banks, and the new leadership of Egypt maintains a
neoliberal logic of governance. The Muslim Brotherhood, the generals,
bureaucrats and bankers have the same intentions in mind: continuing
exploitation, theft and commercialization of natural and human resources of
While some of the key leaders of the Brotherhood have promoted neoliberal
policies years ago, shortly after taking power, the organization officially
changed its by-religion positions against the IMF loan, citing economic
"necessity". In practice, this means priority requirements of banks and
financial institutions and not on policies that enhance social justice for
the Egyptians. Moreover, while the IMF states that the loan has conditions,
a "package of economic reforms" carried out by the lackeys of the Egyptian
economic system must be approved by the Fund prior to the loan disbursed.
Indeed, without conditions ...
IMF may be the most obvious creditor with expansionist tendencies, but it
is not only the creation and maintenance of unequal economic, cultural and
territorial relationship, and based on domination and subordination. Just
as dangerous are institutions such as the European Bank for Reconstruction
and Development Bank and European Investment aiming to commercialize,
privatize and plunder everything from transport and electricity to the
Nile. Many of these banks have argued for years our dictators, applauding
their efforts to subjugate us, the earth and our water, to private capital.
Egypt is no exception. The revolution in South Africa against apartheid was
considered a threat to economic stability - the new leadership that emerged
boasted revolutionary credentials that enabled the implementation of the
neoliberal project, which exceeded the colonialists predecessors. Following
his election victory, with promises of progressive programs, Lula,
President of Brazil, presents a growing neoliberal policies "rinsed" with
charity projects for an increasingly impoverished underclass. The same
happened in India when economic policies, to help the country decided to
enter global markets, led thousands of farmers into debt and losing their
livelihoods, while increasing stratification between rich and poor. And the
examples continue. Across the world, these International Financial
Institutions and the Nordic governments that support them, exploiting the
uncertainty of the "post-revolutionary" era by imposing austerity measures
and tightening its grip on the nations that rise up against these control
Egypt is no exception. Their solution is our problem, "economic stability"
is the misery and exploitation us - why they rebel. If we are all together
we can strengthen our position towards them.
We recognize the origin of this fight against international financial
institutions and the IMF: A worldwide network of inspired people and
activists, of which we are part. Today, we in Egypt are under attack and
imminent threat, and we have decided to fight.
For those who have similarly become the target of the IMF and the
International Financial Institutions and fight against these predators,
let's find ways to combine and unite our forces against them loans at local
and global levels.
For the others, we ask you to complain to banks located in your countries,
and use creative resistance and direct action strategies so that we can put
an end together, the injustices and oppression imposed by these
No boss, no creditors!
The Comrades from Cairo
comradesfromcairo (at) gmail.com
* Translation: filistina
Related Link: http://filistina.wordpress.com
This work is in the public domain