Times Live
The International Monetary Fund said Thursday it was planning to meet with Libya's new leaders soon to determine the financing needs of the war-torn country.
"There will be a meeting with the authorities shortly. I don't have a specific date but it will be soon," IMF spokesman David Hawley said at a regularly scheduled news conference.
The spokesman did not say where the meeting would take place.
"The areas that we're discussing with the authorities are preparation of a macroeconomic framework, assessment of the public financial management capacity, estimation of financing needs, and assistance we might provide in restoring the central bank's payment system and operations," he said.
The IMF estimates that Libya's gross domestic product -- the oil-rich nation's output of goods and services -- has been slashed by more than half this year amid an uprising that ousted strongman Moamer Kadhafi last month.
The new regime estimates normal oil production will resume by end-2012. According to the national oil company NOC, current output is 530,000 barrels a day, compared with 1.7 million before the conflict began in February.
"There will be a meeting with the authorities shortly. I don't have a specific date but it will be soon," IMF spokesman David Hawley said at a regularly scheduled news conference.
The spokesman did not say where the meeting would take place.
"The areas that we're discussing with the authorities are preparation of a macroeconomic framework, assessment of the public financial management capacity, estimation of financing needs, and assistance we might provide in restoring the central bank's payment system and operations," he said.
The IMF estimates that Libya's gross domestic product -- the oil-rich nation's output of goods and services -- has been slashed by more than half this year amid an uprising that ousted strongman Moamer Kadhafi last month.
The new regime estimates normal oil production will resume by end-2012. According to the national oil company NOC, current output is 530,000 barrels a day, compared with 1.7 million before the conflict began in February.
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1. Nation A and Nation B are at peace, and free of debt.
ReplyDelete2. The bankers, aka the money-junkies hire the presstitutes to tell Nation A that Nation B is coming to kill them unless Nation A attacks Nation B first. (Hitler at Gleiwitz, or Saddam’s nuclear weapons, as only two examples) Donations are made to candidates who are willing to murder a few million people for a piece of the profits.
3. The money-junkies loan nation A the money to buy weapons to blow up nation B.
4. Nation B says "What the fuck is this crap. Why are you attacking us?"
5. The money-junkies loan nation B the money to buy weapons to blow up nation A.
6. The war rages on and eventually one side wins and one sides loses. It doesn't really matter which one, as both Nation A and Nation B are now heavily into debt to the money-junkies.
7. The money-junkies loan nation A the money to repair and replace all they lost in the war. Nation A eventually gets back to the exact same life they had before the war only now they are hopelessly in debt to the money-junkies.
8. The money-junkies loan nation B the money to repair and replace all they lost in the war. Nation B eventually gets back to the exact same life they had before the war only now they are hopelessly in debt to the money-junkies.
9. The money-junkies hire the presstitutes to tell Nation C that Nation D is coming to kill them unless Nation D attacks Nation C first. Donations are made to candidates who are willing to murder a few million people for a piece of the profits.
Isn't that special. Gaddafi is barely cold in his grave and the money changers show up for a financial takeover. We already opened a "new" bank for Libya(before Gaddafi was dead) and recognized their new govt. The only thing that remained was a few hundred more bomb runs and offing Gaddafi. Capitalism can be very effient quickly when need be.
ReplyDeleteIt's like being given a band-aid from the very same person that just stabbed you in the back, ripped out one of your kidneys (to sell to some rich creep back in the states), and then pissed in the open wound.
ReplyDeletePlus, the band-aid isn't even a quality brand. It's like one of those dollar store brands that you end up tearing apart while trying to pull the white pieces of paper off of the sticky parts.
Hello Everybody,
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