rvp20182:
IMF= Ghana Central Bank. WB= Ghana Dev bank. They are not the same. World Bank is like a commercial bank.IMF deal only with Central Bankers. If central bank is the banker of last resort. IMF is the banker of the last resort of the last resort.

You go to IMF when the shits has or is about to hit the fan.

You go to WB when you want to get a sewage system.

You are not properly schooled. the former focuses on economic stability, the later focus is towards economic growth. so what is actually Separating the two is, the IMF objective focus on measures of well-being other than growth After all, despite Your GDP growth, you 're yet to save millions of turkana out of poverty and hunger Ghana on the other hand was known on the record to be the first country to first half its poverty rate in the entire sub Sahara africa. it seems the growth of IMF sister institution ""the world bank"" has never improve kenya life

rvp20182:
Trust me Ghana is amongst top IMF colonies in the world..

Your country is about to roll future generation of Kenya's into more debt burden. more interest on debt weakens economy and sabotage it of growth.

rvp20182:
I am not sure if you have realized that most people here are intelligent enough to know when you're just shooting from your hip and when you have facts.

If Kenya has borrowed from IMF and was IMF colony like Ghana - Google would be good enough for evidence,

We know that as of Monday IMF (not World Bank) - sacrificed their easter weekend - to quickly disburse 1B dollars to Ghana so you can continue to participate in international trade and finance.

Without which - you'd be like Zim - promising to pay with yams and cassavas- and rats.

once you owed one bank , you are simply owing the same sister institution of IMF. don't you get the logic. stop the daftness

rvp20182:
You would have gone for Kenya;s standby facility - but you went of rapid facility - meaning you're experiencing serious balance of payments problems. Your useless cedis cannot settle international trade.

Go back to afternoon lesson slowpoke.

Your country poor rating can't access rapid credit fercility. it will have been prudent for your goverment to go for it. paying heavy taxes on over draft is never prudent

Just30:
everyone knows what a multilateral organization is

They are all bad

World back and IMF are the same sister institution. their funding comes from mostly USA ( largest donor) Germany, United kingdom, France Saudi Arabia, Russia. even India. once you borrowed from them , you are indirectly borrowing from this country.

mtisTheQubit:

What is graphic.com..is it one of those ghana yahoo blogs

lol.... That is Ghana national news paper. just like national kenya paper .

Just30:
he lie bad



all WB monies to Kenya was used on poverty alleviation with know investment in infrastructure that could pay the money back

You shouldn't be surprised when Kenyatta charge them more patriotism tax

.... poor and starving Kenyans

rvp20182:
Kenya has 99% of primary to secondary transition. We wanted 100%. The 1% are desert kids - and we think Ghana double track can help them.DOUBLE track CAN NEVER BE MAINSTREAM policy in kenya,

My friend Kenya spend so much in education we cannot and will never do such nonsense.

Only Mauritius beat kenya in educational outcomes. Not even South Africa.

Tell that lies to your fellow idiots . if there is presently perfect transition of primary school kids to secondary school in your country, your goverment will not find it comfortable to copy Ghana for what is gradually fading out of her educational system .

why is your goverment failing to adopt the system that admit your 99 unknown student in urban area to secondary school in rural area of kenya ? is it unsustainable? or impractical?.

You spend so much on education yet it is not materializing, is it becuse you are spending without thinking.


Your country keeps harvesting fresh idea from Ghana in education sector . Ghana must be some kind of Eldorado in your country.

Just30:
The world Bank has an aggregation of Kenya debt to every body dumb dumb

This page also came from them



your poor debt economy

the IMF is scared to loan you more money after 30 billion in bailout monies to Kenya because what ever decision they take at this moment, you are doomed for debt catastrophe

it seems the idiot is trying to separate world bank and IMF ?

rvp20182:
So you rushed to IMF to take emergency funding for the heck? Please you're not dealing with double track graduates of your shameful education system.

IMF is the lender of the last resort.

The first month into COVID - you have ZERO contingency funds. to deal with it.

Now hobbits - after exhausting IMF facilities - what will you do next month, That 1B will evaporate thanks to currency depreciation.

The shameful double track is what your current leader are begging Ghana for now . what a shame ?

Your last hope China has already entrapped you into debt diplomacy. burden with many debt burden you still own many multilateral as well. you case is more horrible now. you are broke. your goverment declare .


when you finished finalizing the 1.5 billion dollar from IMF. come here agian

Just30:
sorry that Kenya is an IMF colony

IMF is even afraid to give your country anymore money because you has run out of dollars

Even your debt servicing is 102% of export when IMF only allows it to be 21% of export.
How do you expect them to give you more money again, when they know you wont be able to pay?

it is only a road economics who looks mostly into debt into GDP to ascertain debt sustainability. what matter most is depended on the interest burden, that is the percent of GDP paid as interest every year.


most of the Ghana debt now are being borrowed on lower coupon rate

rvp20182:
Says a country that already borrowed 1Billlon dollars one month to COVID, What will you borrow when COVID crisis roll into the 5th month . Other countries still have some savings to get them by - but first week of COVID- MAY DAY MAY DAY from ACCRA can be heard in DC.

It shows you stupidly don't know any shot. there is a lot of cash resting in the government pulse. there is convid 19 fund currently created for this epidemic. It is almost 20 million dollars now. Ghana has three more fund kept untouched. one is heritage fund that is currently exceeding 600 million dollars , sustainable fund that is around 300 million dollars and other emergency relief funds which is also in millions of dollars. Ghana has over 1 billion dollar it can tap into if push comes to shoves.

rvp20182:
What is IMF is to us. We don't go begging them. We don't die if they don;t lend. That is independence. IMF knows their limit in Nairobi.

No country die if they are owing. you only become a subject just like you are currently to China

mtisTheQubit:

question ..is the 17th bailout coming or not...imf junkie

You know nothing up stairs. you are boring .

Just30:
Still in a manageable range of the Ghanaian economy
Since all our loans are paying for themselves.

and Kenya has already crossed GDP to debt ration of 80% as your debt has grown to 80 billion

kenya is currently on 62, if the IMF loan request they are currently seeking materialized . they will be somewhere 65. and that has ever pass their limit for a tea and tourism depended economy

mtisTheQubit:

what about the colony..or have they forgiven you...currently ya about to get 17th bailout..happy now

You aren't in good time with reality . sticks to what you know best. Ass licking.

Austine1212:


Lets hope it doesn't take New York is on its knees image lagos withwith it's huge population it could be catastrophic

Trick part is economies can't survive two more months of the lockdowns

Whats your take on trump cutting funding to WHO?

They are very rich nation that can sustained the lockdown even for a year but with heavy consequences. nearly all advanced nation will be reporting a negative growth this year . country such USA and Germany can still lock up for as long as they care.. Italy has spent more than any nation on this pandemic than any country yet is still under lock . Germany is spending but smart, her manufacturing industry is not closed down .

it is africa that I pitty. lockdown is practically not for us. informal sector dominate economy here.

mtisTheQubit:

Again we borrow we pay back..we don't default..a rich man borrows money to invest..a poor man borrows then squanders it then asks for bailout..to different scenarios my friend...we are not a poor colony

You are currently owning them and that suggest others ranting you type down is not from a normal functioning brain.

jl115:

Death rate is around 1.5%

Also I don't understand what you mean with the rest of your post.

I mean will your goverment allow the dead patient family to burry their dead .

mtisTheQubit:

how many bailouts has Egypt gotten from IMF..the colony should just go for bailout rehab or stuff might get messy.

why will a starving and unprogressive nation like kenya be owing Bretton wood institution such outrageous amount? what exactly are you doing with the cash ? you owed more than Ghana ever took for 17 consecutive time. what the hell is wrong with your economy management?

gallivant:


Idiots everywhere.

so your brain is also in stampede

gallivant:


17 bailouts is more shameful. It's like you are addicted to the IMF.

it is Good we are addicted to multilateral institution . it is simply buisness transaction. we aren't addicted to hunger and drought. we dont even know it.

mtisTheQubit:

bet a hungry one than a dying one..a bailout is for poor ..period...even somali dont get a bailout..fact

but Iceland. south Korea, Chile that got it are all regarded as advanced nation. Egypt is currenty under it. go CHECK her economy performance. poor nation are easy to know . by their hunger index, you shall know them.

mtisTheQubit:

can you post any story about the colony without mentioning IMF..dude thats just shameful...

What is more shameful is the amount you are owing them as an hungry poor nation

Just30:


how can a whole MP be that stupid to share alcohol when COVID is happening ?

they are part of the idiot who believes alcohol cures corona

gallivant:


17 bailouts says am a genius.

This still doesn't make sense. Bretton wood institution is only doing his work. they are there to provide loans so it doesn't matter how many times I went there to borrowed , what matter is my ability to pay back and the amount of cash I owed . your case is even far worse . you owe them too much , they decide to withdraw your request when you seek for more loan ..

mtisTheQubit:

the moment you realize the other dude is just a typical uneducated villager

How many poor kibera are there in the stampede? how many were killed when your dimwit governor was busy distributing food and alcoholic drink last week ?

gallivant:


Ghana is the true colony, even Somalia has never stooped this low.

You owe the most cash to Bretton wood institution. yet you called Ghana a colony. aren't you stupid

gallivant:


I also see a lot of Ghanains on CNN asking for asylum while on sinking boats. Men, women and children. Ghana must be heaven!

This doesn't mean you have stopped droving in thousands to excape down to middle East in search of butter and bread. your country is already wack .....

mtisTheQubit:

you hosted only 60,000..thats just peanut man...evn Somali hosts hundreds of thousands..

face the topic, you need more food from world food program .

Just30:
Kenya is an IMF and WB colony

owing IMF and WB 30 billion dollars

WHILE CHINA is the grandfather of Kenya to whom Kenya sovereignty was sold for 3 billion dollars



if you combine all of Ghana 16 IMF bailouts, it is less than how much Kenya owe IMF and WB IN JUST 10 YEARS

who deserved to be called IMF colony then?

gallivant:


Oh please, even here in Nairobi we have hobbits who have escaped the colony. If Ghana was great you won't have your refugees(expatriates) doing menial jobs all over the world.

i am aware you are in hell currently . so why reminding me. A Ghanaian is heading the UNO branch you have in Nairobi and she is even a lady......you see Ghanaian in such big position all over the world .