Thomas Sankara on Imperialist Financial Debt Traps

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“Debt is neo-colonialism, in which colonizers have transformed themselves into “technical assistants.” We should rather say “technical assassins.” They present us with financing, with financial backers. As if someone’s backing could create development. We have been advised to go to these lenders. We have been offered nice financial arrangements. We have been indebted for 50, 60 years and even longer. That means we have been forced to compromise our people for over 50 years.”
- Thomas Sankara, ‘A United Front Against Debt’

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