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Context of 'April 13, 2003: World Bank and IMF Announce Plans to Send Their Economists to Iraq to Assess its Needs'

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By 1979, Pakistan’s economy is on the brink of collapse. Pakistan owes large debts to international organizations such as the World Bank and the International Monetary Fund (IMF), but lacks the money to pay off its loans. The criminal BCCI bank led by Agha Hasan Abedi comes up with a scheme to save Pakistan’s economy. In 1979, the IMF says that if Pakistan increases its hard currency reserves by at least $50 million for 90 days, Pakistan’s State Bank can raise the lending limits for commercial banks. With banks able to make more loans, the economy will be able to perform better. BCCI secretly loans the State Bank the hard currency until the 90 days are over and then takes it back. Having established this system, BCCI helps Pakistan’s State Bank numerous times in subsequent years to avoid financial limitations placed on Pakistan. BCCI will finally collapse in 1991 (see July 5, 1991). [Beaty and Gwynne, 1993, pp. 292-293]

Entity Tags: Bank of Credit and Commerce International, International Monetary Fund, Pakistan State Bank, World Bank

Timeline Tags: Complete 911 Timeline

During the World Bank’s annual meeting, the Bank and the International Monetary Fund (IMF) pressure Haiti to sign a letter of intent assuring the US, IMF, and other donors that Haiti would proceed with the Structural Adjustment Program that President Aristide had agreed to in August 1994 (see August 1994) before he was restored to power by a US-led multinational force. Haiti, whose parliament and population are strongly opposed to the neoliberal reforms, refuses to sign the letter. [Multinational Monitor, 11/2004]

Entity Tags: World Bank, International Monetary Fund, Smarck Michel, Jean-Bertrand Aristide

Timeline Tags: Haiti Coup

A large training event is being held at the US Park Police Aviation Unit in preparation for the upcoming meetings of the International Monetary Fund (IMF) and the World Bank in Washington, DC, on September 29-30, and some of the participants will later be involved in the emergency response to the terrorist attacks. [International Monetary Fund, 9/17/2001; Reuters, 9/17/2001; US Naval Historical Center, 11/19/2001; McDonnell, 2004, pp. 18-20 pdf file] The Park Police Aviation Unit is located in Anacostia Park in southeast Washington, across the Potomac River from the Pentagon. [Aviation International News, 10/1/2001; National Park Service, 10/16/2004]
Event Preparing for Possibly Violent Demonstrations - According to Sergeant Ronald Galey, a helicopter pilot with the aviation unit, because of the preparations taking place for the IMF and World Bank meetings, “it started out to be a little bit of an unusual day.” [US Naval Historical Center, 11/20/2001] Sergeant Keith Bohn, another Park Police helicopter pilot, will later recall, “As fate would have it, we were having a large training event right out in front of the building here [the aviation hangar in Anacostia Park] for the upcoming IMF, the International Money Fund demonstrations.” Consequently, there are “horse-mounted officers, motorcycle officers, ground troops all training together to handle the movement of large groups of people.” [US Naval Historical Center, 11/19/2001] According to Galey, “[W]e all anticipated” the protest demonstrations at the IMF and World Bank meetings “to be very violent, very different than anything we’ve had in a long time.” [US Naval Historical Center, 11/20/2001]
Helicopter Pilot Giving 'Riot Training' - Another of the aviation unit’s helicopter pilots, Sergeant Kenneth Burchell, is reportedly “conducting riot training… in preparation for the upcoming World Bank/International Monetary Fund protest demonstrations.” The riot training is being attended by 40 police officers belonging to an (unnamed) force other than the Park Police, along with some Department of Defense medical personnel. [McDonnell, 2004, pp. 18-20 pdf file]
Medical Personnel Participating in Training - Personnel from the Casualty Care Research Center (CCRC)—a medical outfit from the Uniformed Services University of the Health Sciences (USUHS) in Bethesda, Maryland—are attending the training event at the aviation unit. The CCRC provides medical support to law enforcement agencies and their “protectees” during emergencies. [US Medicine, 10/2001] One of these personnel, Jason Kepp, is reportedly teaching members of the Park Police “how to respond safely and effectively to the crowds of demonstrators expected to turn out at the upcoming meeting of the International Monetary Fund.” [USU Medicine, 12/2002 pdf file]
Training Participants Involved in Response to Attacks - The Park Police Aviation Unit will be among the first agencies to respond to the Pentagon attack at 9:37 a.m. (see Shortly After 9:37 a.m. September 11, 2001). [Goldberg et al., 2007, pp. 161] Two medics from the USUHS who are attending the training event—Kepp and his colleague, Keith Kettell—will take off in the second Park Police helicopter to launch following the Pentagon attack, so as to assist in the emergency response. [USU Medicine, 12/2002 pdf file; McDonnell, 2004, pp. 20 pdf file] In addition to members of their own force, Park Police commanders will deploy the 40 police officers attending the riot training at the aviation unit when the attacks occur. [McDonnell, 2004, pp. 18 pdf file] Members of firefighting agencies that later respond to the attack on the Pentagon are also involved in preparations for the upcoming IMF and World Bank meetings this morning (see 8:30 a.m. September 11, 2001 and 8:30 a.m. September 11, 2001). [US Department of Health and Human Services, 7/2002, pp. A-4 pdf file; Goldberg et al., 2007, pp. 69-70]

Entity Tags: Keith Kettell, Jason Kepp, Kenneth S. Burchell, Keith E. Bohn, Ronald A. Galey, United States Park Police

Timeline Tags: Complete 911 Timeline, 9/11 Timeline

The World Bank and the International Monetary Fund announce that they will send their economists to Iraq to assess needs for reconstruction as soon as it is safe to do so. The decision was made “with strong pressure from the United States,” the New York Times reports. [New York Times, 4/14/2004]

Entity Tags: International Monetary Fund, World Bank

Timeline Tags: Iraq under US Occupation

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