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Periodical article | Leiden University catalogue | WorldCat |
Title: | The world bank, imf and deepening misery in uganda: (the Mbale experience) |
Author: | Machyo W'obanda, Chango B. |
Year: | 1985 |
Periodical: | Mawazo |
Volume: | 6 |
Issue: | 1 |
Pages: | 27-49 |
Language: | English |
Geographic term: | Uganda |
Subjects: | World Bank IMF |
Abstract: | The World Bank and the IMF are weapons in the hands of the imperialists who use them to suffocate, oppress and exploit the peoples and resources of the Third World. Uganda is no exception. The degree of socioeconomic suffering the great masses of the people of Uganda have been plunged into by the working of IMF terms and conditions is described. Changes that have taken place in the prices of certain basic commodities from 1981 to 1984 are detailed and some of the socioeconomic effects people have suffered as a result of unstable and constantly rising prices of basic needs are outlined. In the 1981-1984 period there has been a fantastic rise in the price of such basic commodities as food, clothing, housing, education, health, fuel and transport, due to the floating of the shilling and the implementation of other measures of IMF 'liberalization programmes'. Corruption, crime, gross economic inefficiency, are fostered through the laissez-faire social and economic system insisted on by the IMF/World Bank. The facts and feelings reported are mainly from Mbale township and the surrounding countryside. Notes, ref. |