Godlike Productions - Discussion Forum
Users Online Now: 2,122 (Who's On?)Visitors Today: 1,933,597
Pageviews Today: 2,856,975Threads Today: 779Posts Today: 16,238
11:16 PM


Rate this Thread

Absolute BS Crap Reasonable Nice Amazing
 

Illegal Immigration: Follow The Money. USAID and World Bank microloans!

 
Fist McKraken
Offer Upgrade

User ID: 76269259
United States
11/05/2019 05:06 PM
Report Abusive Post
Report Copyright Violation
Illegal Immigration: Follow The Money. USAID and World Bank microloans!
For twenty years, USAID and the World Bank have poured money into Guatemala. The money funds illegal migration to the U.S. If illegal migrants are caught and deported back to Guatemala, they can't repay loans and default on collateralized assets, which motivates them to try again to migrate illegally.

__________


In Guatemala, lenders that were supported by USAID and the World Bank are now funding illegal migration
KEVIN SIEFF | NOVEMBER 04, 2019

(Washtington Post) — The winding roads into the valley of Nebaj are lined with advertisements for cheap loans. Banks and cooperatives and microfinance operations make their pitches: “Credit in three days.” “Funding for your small business.” “We’ve lowered our interest rates!”

U.S. officials have long touted the power of finance to lift people out of poverty — and backed loans to farmers and small-business owners across the developing world. But here in the Guatemala Highlands, the epicenter of the country’s migrant exodus, those loans often fund a different activity, the region’s most profitable: Smuggling migrants north to the United States.

Over the past nine months, the number of Guatemalans who have reached the U.S. border has swelled to more than 250,000. They include many of the country’s poorest people — subsistence farmers who have somehow managed to scrape together up to $12,000 to fund the journey north.

What enables those payments is a vast system of credit that includes financial institutions set up and supported by the United States and the World Bank, part of the global boom in microfinance over the past two decades.
The U.S. government and the World Bank have each extended tens of millions of dollars in funding and loan guarantees, money that helped create what is now Guatemala’s biggest microfinance organization, Fundación Génesis Empresarial, and backed one of its largest banks, Banrural.

But in Nebaj and communities like it around the country, those financial institutions now serve Guatemalans eager to migrate.

Access to credit has helped make this Central American nation the largest single source of migrants to the United States over the past year. About 2 percent of the population has been apprehended at the U.S. border since 2018.

It has also had devastating consequences for those who fail in their journeys — those who are deported before they earn enough to pay back their loans. They become ensnared by debt, losing savings, businesses and homes, which makes them more likely to try to migrate again.

“We do our best to keep our loans from funding migration or paying smugglers,” said Jorge Guzmán, the manager of the Banrural bank in Nebaj. “But there’s only so much we can do to monitor.”

U.S. officials say they stopped supporting direct-lending microfinance programs in Guatemala more than 10 years ago. The World Bank funded Génesis Empresarial as recently as last year...


READ MORE: [link to www.washingtonpost.com (secure)]

Last Edited by Fist in the Box on 11/05/2019 07:26 PM
Fist McKraken  (OP)

User ID: 76269259
United States
11/05/2019 05:21 PM
Report Abusive Post
Report Copyright Violation
Re: Illegal Immigration: Follow The Money. USAID and World Bank microloans!
illegalalien
Fist McKraken  (OP)

User ID: 76269259
United States
11/05/2019 05:23 PM
Report Abusive Post
Report Copyright Violation
Re: Illegal Immigration: Follow The Money. USAID and World Bank microloans!
United States Agency for International Development

The United States Agency for International Development (USAID) is an independent agency of the United States federal government that is primarily responsible for administering civilian foreign aid and development assistance. With a budget of over $27 billion, USAID is one of the largest official aid agencies in the world, and accounts for more than half of all U.S. foreign assistance—the highest in the world in absolute dollar terms.

Congress passed the Foreign Assistance Act on September 4, 1961, which reorganized U.S. foreign assistance programs and mandated the creation of an agency to administer economic aid. USAID was subsequently established by the executive order of President John F. Kennedy, who sought to unite several existing foreign assistance organizations and programs under one agency. USAID became the first U.S. foreign assistance organization whose primary focus was long-term socioeconomic development.

USAID's programs are authorized by Congress in the Foreign Assistance Act, which Congress supplements through directions in annual funding appropriation acts and other legislation. As an official component of U.S. foreign policy, USAID operates subject to the guidance of the President, Secretary of State, and the National Security Council. USAID has missions in over 100 countries, primarily in Africa, Asia, Latin America, the Middle East, and Eastern Europe...


[link to en.wikipedia.org (secure)]
Fist McKraken  (OP)

User ID: 76269259
United States
11/05/2019 05:24 PM
Report Abusive Post
Report Copyright Violation
Re: Illegal Immigration: Follow The Money. USAID and World Bank microloans!
World Bank

The World Bank is an international financial institution that provides loans and grants to the governments of poorer countries for the purpose of pursuing capital projects. It comprises two institutions: the International Bank for Reconstruction and Development (IBRD), and the International Development Association (IDA). The World Bank is a component of the World Bank Group ( [link to en.wikipedia.org (secure)] ).

The World Bank's most recent stated goal is the reduction of poverty. As of November 2018, the largest recipients of World Bank loans were India ($859 million in 2018) and China ($370 million in 2018), through loans from IBRD...

[link to en.wikipedia.org (secure)]
Fist McKraken  (OP)

User ID: 76269259
United States
11/05/2019 07:23 PM
Report Abusive Post
Report Copyright Violation
Re: Illegal Immigration: Follow The Money. USAID and World Bank microloans!
Thread: The Pope Pushing Immigration=More money for Rome!

Thread: Lord Rothschild making money with ILLEGAL immigrants

Thread: “Follow the drug money. That money is funding this immigration crisis..”
Anonymous Coward
User ID: 59007022
United States
11/05/2019 07:34 PM
Report Abusive Post
Report Copyright Violation
Re: Illegal Immigration: Follow The Money. USAID and World Bank microloans!
Not only there but the rest of the developing world - the number of failed projects is staggering. Not to mention the billions down the drain.

They have failed to reduce poverty.

I remember when World Bank employees would fly out of DC overseas on The Concorde. Seriously.
vVVv
User ID: 76392421
United States
11/05/2019 07:37 PM
Report Abusive Post
Report Copyright Violation
Re: Illegal Immigration: Follow The Money. USAID and World Bank microloans!
You spelled TAX EXEMPT MONEY LAUNDERING involving the Catholic Church throughout Latin America to every SANCTUARY CITY in the country making the INTERNATIONAL ALTER BOY SEX ABUSE SCANDAL look like a MISDEMEANOR TRAFFIC TICKET in comparison
Anonymous Coward
User ID: 78089523
United States
11/05/2019 07:37 PM
Report Abusive Post
Report Copyright Violation
Re: Illegal Immigration: Follow The Money. USAID and World Bank microloans!
Well, Trump tried to slash billions of it but the senate whined that it overstepped their authority. Just thought I'd bring this up before the Trump bashers started screaming that USAID is "all his fault".
Fist McKraken  (OP)

User ID: 76269259
United States
11/05/2019 08:46 PM
Report Abusive Post
Report Copyright Violation
Re: Illegal Immigration: Follow The Money. USAID and World Bank microloans!
Sovereign immunity

The World Bank requires sovereign immunity from countries it deals with. Sovereign immunity waives a holder from all legal liability for their actions. It is proposed that this immunity from responsibility is a "shield which The World Bank wants to resort to, for escaping accountability and security by the people". As the United States has veto power, it can prevent the World Bank from taking action against its interests...


[link to en.m.wikipedia.org (secure)]
Fist McKraken  (OP)

User ID: 76269259
United States
11/05/2019 10:40 PM
Report Abusive Post
Report Copyright Violation
Re: Illegal Immigration: Follow The Money. USAID and World Bank microloans!
Not only there but the rest of the developing world - the number of failed projects is staggering. Not to mention the billions down the drain.

They have failed to reduce poverty.

I remember when World Bank employees would fly out of DC overseas on The Concorde. Seriously.
 Quoting: ~Sloane~


International bankers are vultures.
Fist McKraken  (OP)

User ID: 76269259
United States
11/05/2019 10:43 PM
Report Abusive Post
Report Copyright Violation
Re: Illegal Immigration: Follow The Money. USAID and World Bank microloans!
You spelled TAX EXEMPT MONEY LAUNDERING involving the Catholic Church throughout Latin America to every SANCTUARY CITY in the country making the INTERNATIONAL ALTER BOY SEX ABUSE SCANDAL look like a MISDEMEANOR TRAFFIC TICKET in comparison
 Quoting: vVVv 76392421


Fist McKraken  (OP)

User ID: 76269259
United States
11/05/2019 10:50 PM
Report Abusive Post
Report Copyright Violation
Re: Illegal Immigration: Follow The Money. USAID and World Bank microloans!
Well, Trump tried to slash billions of it but the senate whined that it overstepped their authority. Just thought I'd bring this up before the Trump bashers started screaming that USAID is "all his fault".
 Quoting: Anonymous Coward 78089523


You're right.

___________


Trump Administration Restores Central American Aid After Immigration Deals
By MAIREAD MCARDLE
October 17, 2019 9:34 AM

(National Review) - The Trump administration announced Wednesday that it will restore economic aid to El Salvador, Guatemala and Honduras after reaching deals on immigration with the three countries.

Secretary of State Mike Pompeo announced that the “targeted assistance,” which reportedly amounts to close to $150 million, will be reinstated. The aid was cut off earlier this year “until the governments of these countries took sufficient action to reduce the overwhelming number of migrants coming to the U.S. border.”

“To enable further progress in these countries’ efforts, some targeted Department of State and USAID funding will resume at this time,” Pompeo said. “This funding will support programs that are advancing our joint efforts to mitigate illegal immigration from El Salvador, Guatemala, and Honduras.”


The administration has signed deals on immigration with all three countries in recent months. In July, the U.S. signed a “safe third country” agreement with Guatemala, which stipulates that the U.S. may send away asylum seekers who have passed through Guatemala without attempting to obtain asylum there first. The U.S. has signed less specific deals with El Salvador and Honduras pledging to work together to address the heavy migration flow.

However, federal courts blocked the Trump administration policy forbidding asylum applications from migrants who passed through other countries without seeking asylum. The Supreme Court granted the administration a stay on that ruling in September, allowing the White House to carry out its policy pending the outcome of litigation...


READ MORE: [link to www.nationalreview.com (secure)]
Fist McKraken  (OP)

User ID: 76269259
United States
11/06/2019 02:44 AM
Report Abusive Post
Report Copyright Violation
Re: Illegal Immigration: Follow The Money. USAID and World Bank microloans!
banksters
R&y

User ID: 74857141
United States
11/06/2019 09:03 AM
Report Abusive Post
Report Copyright Violation
Re: Illegal Immigration: Follow The Money. USAID and World Bank microloans!
bump





GLP