BRETTON WOODS IS BACK TO GET US!

ARE OUR LEADERS READY TO SAVE US FROM THEM? Last week we all listened in horror as the IMF staff mission leader Peter Allum delivered his report to his bosses in Washington. his report was as usual laden with bitter pills for us to swallow. One of the main concerns of the IMF was the government's partial subsidization of energy and utility tariffs to low consumers. According to Mr. Allum this is one major concern of the Fund and they see it as one of the main problem areas of our economy. So predictably the IMF is urging the Government to cut this all important lifeline to the poor (one of the few things citizens get to enjoy from the government). After the G-20 in April summit the G-7 countries realizing that they have lost some clout economically , south to entrench their domination by giving the IMF more powers and resources. The newly re-launched IMF is determined to continued from where they lefty off prior to the Global Financial Crisis. Forcing small developing counties to go through painful reforms that do not yield any benefit but causes a lot of misery to the poorest in the society. The change in government from fairly right-wing NPP to the 'social democratic' NDC is expected to lead to a resistance of the cutthroat policies from Washington. we are keenly watching , especially at a time of great economic upheaval whether the good prof. and his NDC will be worthy of our confidence and trust in the management of our economy away from all the dependency traits that has contributed in holding us back.This is time for assertive leadership that can intelligently jungle asking for money from the fund (because we desperately need it)while at the same safeguarding some our very sensitive sections of the population from cutthroat and painful reforms that hurts. The Bretton woods system is clearly set up against our interest so if our leaders will disregard good and sensible counsel and go ahead to do the biding of the fund , then we are truly doomed.Forced reforms always end in disaster and countries that have benefited from good reforms always do so on their own accord and not under duress. We all saw how powerless the Breton woods were when some of thier acclaimed "star pupils" in eastern and northern Europe who have followed liberalization policies to the letter came close to economic implosion. The IMF had no answers to the collapse of the Global financial system which they had shaped and influenced over the last two decades. Our leaders must be wise and not let us down. the fact that full cost recovery is working in other countries does not make it the optimal policy choice for us too.