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IMF, World Bank Repress Poor Countries – Bitcoin Magazine

This is an opinion editorial by Alex Gladstein, chief technique officer of the Human Rights Foundation and writer of “Check Your Financial Privilege.”

I. The Shrimp Fields

“Everything is gone.”

–Kolyani Mondal

Fifty-two years in the past, Cyclone Bhola killed an estimated 1 million individuals in coastal Bangladesh. It is, to today, the deadliest tropical cyclone in recorded history. Local and worldwide authorities knew nicely the catastrophic dangers of such storms: within the Sixties, regional officers had built a massive array of dikes to shield the shoreline and open up extra territory for farming. But within the Eighties after the assassination of independence chief Sheikh Mujibur Rahman, overseas affect pushed a brand new autocratic Bangladeshi regime to change course. Concern for human life was dismissed and the general public’s safety in opposition to storms was weakened, all so as to increase exports to repay debt.

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