Role of World Bank, IMF

Are they not interfering and dictating the finance, banking and economic developments of the poor and developing countries including Bangladesh?

IMF is again putting pressure on Bangladesh for adjustment and rise in fuel prices. IMF is also threatening to stop release of US Dollar 100 million credit if we do not accept its terms and conditions.

Are the poor and developing countries including Bangladesh duty bound or legally obliged to bow down before the terms and conditions of IMF, World Bank and donor countries to carry out, undertake and implement their respective economic and development plans and programmes? If so, why do they always advocate free market economy?

Can't we move forward without foreign aid, loan or fund without any string attached to it?

As regards IMF pressure on our government to further increase price of fuel, is it not a fact that the international price of oil is constantly increasing for the last two decades? Why? Is it not true that following the Gulf war and US occupation of Iraq all the oilfields of Kuwait, Saudi Arabia and Iraq are under the grip of the USA, world's major deposit of oil and oilfields are under the supervision and control of the USA and IMF? Washington on behalf of the US administration is tactfully extorting a colossal amount of money from the poor and developing countries, including Bangladesh through an oil price hike.

All developing countries should stand united against the US economic and oil colonialism.