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IPFS News Link • Central Banks/Banking

The Trap Is Set: Governments Exploring 'Debt For Land' Swaps With World Bank

• technocracy.news

The only countries that may apply are those who are actively sworn to implement and support Sustainable Development. The World Bank calls these 'conditionalities' and they are nothing short of extortion to force countries to change policies against their will. In this case, Jamaica does not realize that they are playing right into the spider's web that may well spell their ultimate demise as a nation. As to the global elite, this is nothing short of a brazen land grab that includes valuable resources to be locked up and away from public use.

Prime Minister Andrew Holness says the government is exploring with the World Bank an innovative debt swap initiative to improve Jamaica's debt profile.

He says it's part of the government's active debt management strategy.

Holness made the announcement at a press conference at the annual meeting of the Board of Governors of the Caribbean Development Bank last evening, following discussions with World Bank Vice-President Jorge Familiar.


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