Today I was accused of being a lackie for the Cuntservative Party by a female on the Philtheone blog. Just one comment to make, do your homework. The only thing worse than a British Politician is the idiot who votes for them. This febrile society who pay lip service to those who served them with the only thing that is meaningful, their own lives, have a Right to tell their detractors to wind their necks in and at least learn your history. Up the Falkirk Labour Party!
Despite repeated attacks on Britain
and the right of Falkland Islanders to remain British, Argentina
receives substantial loans from the World Bank, an organisation in which
Britain is a major shareholder. But the Government does not use our
votes to oppose those loans.
The Government has told Parliament that, as of March 2012, total outstanding loans to Argentina from the World Bank were $16.2 billion. That means Britain’s share of the outstanding loans is over £200 million, based on our shareholding in the two World Bank institutions lending to the country.
The Obama Administration in the United States has already announced a policy of voting no to any new loans thanks to Argentina’s failure to respect its obligations to earlier lenders. We call upon the British Government to - at the very least - support that and vote against any new World Bank loans to Argentina.
Stop British taxpayers’ money supporting World Bank loans to Argentina
Responsible department: Department for International Development
The Government has told Parliament that, as of March 2012, total outstanding loans to Argentina from the World Bank were $16.2 billion. That means Britain’s share of the outstanding loans is over £200 million, based on our shareholding in the two World Bank institutions lending to the country.
The Obama Administration in the United States has already announced a policy of voting no to any new loans thanks to Argentina’s failure to respect its obligations to earlier lenders. We call upon the British Government to - at the very least - support that and vote against any new World Bank loans to Argentina.
This e-petition has received the following response:
As this e-petition has received more than 10
000 signatures, the relevant Government department have provided the
following response:
In February 2013, the Secretary of State for
International Development, Justine Greening, confirmed in an answer to a
House of Commons Written Parliamentary Question that she has instructed
her representatives at the Inter-American Development Bank and World
Bank to vote against all new proposals for financial support to the
Government of the Republic of Argentina presented by these institutions,
while reserving the right to support proposals that can demonstrate
exceptional benefits to the poorest people of Argentina. These are the
only Multilateral Development Banks (MDBs), in which the UK is a
shareholder, from which the Government of Argentina borrows.
She has also made public that this is because in her
view, the UK must ensure that the scarce resources of the MDBs are used
as effectively as possible to foster development and economic growth.
In light of recent actions by the Argentine government she is no longer
confident that further investments in Argentina would be consistent with
these objectives. The actions include the failure to comply with the
World Bank’s International Centre for Settlement of Investment Disputes
rulings; failure to agree to standard IMF Article IV surveillance since
2006; and the recent IMF censure, the first of its kind, as a result of
continued failure to remedy breach of data obligations under the IMF
Articles of Agreement, seriously undermining our ability to properly
assess proposed future loans by the MDBs. She has also advised that
this position will be kept under review, subject to the future actions
of the Government of the Republic of Argentina and its compliance with
its international obligations. (View petition site)
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