Topic: Rice Imports

1 chapters across the catalog

Monica Crowley's Stilettos
Episode 166 20:56 - 26:11

166: Monica Crowley's Stilettos

IMF Loans, Bill Clinton, Haitian Rice Industry

The International Monetary Fund (IMF) is described as the "new devil" for offering Haiti a $65 million loan contingent on freezing minimum wages and raising electricity prices. Historical criticism is leveled at Bill Clinton for policies that eliminated rice import tariffs, which destroyed Haiti's domestic rice industry in favor of U.S. exports. The hosts argue that both political parties have contributed to Haiti's economic instability through such interventions.