IMF and World Bank set up to debt trap for Africa

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African countries are among nations that remain chained by the Brentwood institutions – IMF and the World Bank over unpaid loans accumulated over the years. As such, African nations stay under the control of IMF and the World Bank. The two institutions provide Africa with financial aid, which is then used as a tool to trap the African continent in constant debt. PLO explains why the Brentwood institutions were formed, what they're supposed to do and how they have abused their status to control nations. Lumumba further offers solutions on how nations can self-liberate from the Brentwood- Institutions economic architecture.
#lumumbaexplain #plolumumba#kenya #theealfahouse#IMF #WorldBank #Debt #Loans#Africa
00:20- The modern states history
02:42 – Taxation and financing institutions by World bank and IMF
03:50– How African countries were grafted to IMF and World Bank to stay controlled
05:15 –How and why nations end up in IMF & World Bank debt trap
08:52 – Architecture of economies built by the West to exploit nations
10:00 – Bretton woods institutions as instruments of economic control
14:13 – How African countries can sort the IMF loans debt crisis
16:38 – African countries must use own resources to self-liberate from the IMF/World Bank
18:32 – The Unholy trinity – IMF/WTO and World Bank – role is to keep others in debt
20:15 – The cost of debt for nations
22:40 – Auditing of projects under Brentwood institutions
24:50 – Economic prescriptions of Brentwood institutions.
28:21 – Kenya must fix the current governance & economic structures to self-sustainability
31:44 – The youth as an asset in fixing nations