When Reagan increases the bank rate, capital flows from Western Europe to America. So if you increase the bank rate in Dar, money will flow in from the peasants. This is stupid but the IMF cannot be stupid so we argue.
— Julius Nyerere Modern

Father of Tanzania

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Details

Context

Critiquing the International Monetary Fund's (IMF) economic policies and their inappropriate application to developing countries like Tanzania.

Date / Period

1985

Category

Humorous

Source

https://thisisafrica.me/politics/1985-interview-julius-nyerere-still-calls-food-…

Verification

Unverifiable

Explanation

Found in 1 providers: gemini

Method

Cross Reference

Sources Checked

1 source

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"The greatest enemy of freedom is poverty."

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"We must reject the mentality of beggars."

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"Our nation is a nation of peasants and workers."

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"The wealth of a nation is its people."

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View all sayings from Julius Nyerere

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