IMF, WORLD BANK: DEPT-TRAPPING AFRICA

Pan-Africanist scholar PLO Lumumba explains how the IMF and World Bank control Africa. The two institutions provide Africa with aid, which is used as a tool to trap the African continent in constant debt. PLO urges Africa to rescue itself from so-called ‘dead aid’ and build its own economy. He also takes a swipe at the African Development Bank, which, he says, has been captured by non-African shareholders.