IMF: $12 billion additional funding to shore up Egypt’s ailing economy

The NY Times reports: “IMF Lends $12 billion to Egypt to Fix Ailing Economy”            CAIRO — The International Monetary Fund has tentatively agreed to lend Egypt $12 billion in exchange for significant economic reforms, senior government finance officials said Thursday.

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The International Monetary Fund Members’ Quotas Report (August 12, 2016) confirms the U.S. quota of 17.51%, totaling $82.994 billion, to the most recent IMF annual budget:

United States3 82,994.2 17.51

On a pro-rated basis then, U.S. taxpayers are helping to shore up Egypt’s ailing economy to the tune of about $2.1 billion.

That $2.1 billion is just a little ‘drop in the bucket’ in light of past bailouts involving Greece, Ukraine, Egypt and many other nations with troubled economies.

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It is time for the government to grant U.S. citizens the same access to their own money that they have been freely providing to foreign citizens, through the IMF, in dozens of other nations (many of them ‘hostile’ to the U.S.) around the world.

It is time for a dynamic new economic acceleration plan for America.

The Leviticus 25 Plan 2017 –  $75,000 per U.S. citizen                                                   The Leviticus 25 Plan 2017 (1607)

 

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