by Tyler Durden
Tue, 07/28/2020 – 03:30
Huge foreign loans are given to sovereign nations by the World Bank, IMF and the likes. But the conditions that come attached to these loans are seldom told by governments to their citizens.
A recent case in Belarus has exposed the conditions laid by these agencies for loans being provided for COVID-19. The President of Belarus has exposed that the World Bank coronavirus aid comes with conditions for imposing extreme lockdown measures, to model their coronavirus response on that of Italy and even changes in the economic policies which he refused as being “unacceptable”.
Additional conditions which do not apply to the financial part are unacceptable for Belarus, Belarus President Aleksandr Lukashenko said when speaking about external lending during a meeting to discuss support measures for the real economic sector on the part of the banking system, reported Belarusian Telegraph Agency, BelTA.
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