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Structural Adjustment Program of IMF Was Initiated Specifically to 'Hold Back Africa:' Former SA MP
Structural Adjustment Program of IMF Was Initiated Specifically to 'Hold Back Africa:' Former SA MP
Sputnik Africa
It is difficult to break free from an unequal trade system that keeps Africa exporting capital and trapped in financial imbalance, Themba Godi, former chair of... 18.05.2026, Sputnik Africa
2026-05-18T20:29+0200
2026-05-18T20:29+0200
2026-05-18T20:59+0200
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It is difficult to break free from an unequal trade system that keeps Africa exporting capital and trapped in financial imbalance, Themba Godi, former chair of Parliament's Standing Committee of Public Accounts, told Sputnik Africa.Countries of the South with IMF loans "cannot breathe;" repaying these debts is meant to give them relief, the speaker added.Watch the video to learn how SADC countries can coordinate regionally on debt management and revenue sharing to make these repayments more viable for the region.
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Structural Adjustment Program of IMF Was Initiated Specifically to 'Hold Back Africa,' Former SA MP Says
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Structural Adjustment Program of IMF Was Initiated Specifically to 'Hold Back Africa,' Former SA MP Says
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Structural Adjustment Program of IMF Was Initiated Specifically to 'Hold Back Africa:' Former SA MP
20:29 18.05.2026 (Updated: 20:59 18.05.2026) It is difficult to break free from an unequal trade system that keeps Africa exporting capital and trapped in financial imbalance, Themba Godi, former chair of Parliament's Standing Committee of Public Accounts, told Sputnik Africa.
"[...] When we see countries like Namibia, Mozambique, and the rest of them freeing themselves from the shackles of the IMF, we only as pan-Africanists can rejoice because it means they have now begun the road towards sovereignty."
Countries of the South with IMF loans "cannot breathe;" repaying these debts is meant to give them relief, the speaker added.
Watch the video to learn how SADC countries can coordinate regionally on debt management and revenue sharing to make these repayments more viable for the region.
