WEB Notes: She means, they are inline with globalism. Good countries like Egypt borrowed $12 billion in the form of a bailout. Once you go into debt bondage to the global bankers, you will have a real tough time coming out. Regardless, these nations are already a part of the current global structure.

Changes in the world economy and the price of oil mean that many countries across the Arab world will need to undergo significant changes in order to survive, and those that are doing so should be praised, Christine Lagarde, the managing director of the International Monetary Fund (IMF) told CNBC.

“These countries have gone through a massive transition. Those that were exporting oil have clearly seen a big drop in their growth rates. But those economies have to transition from an oil-fed economy to a more diversified, more inclusive, reformed economy,” Lagarde said at the World Government Summit in Dubai.

Source: World Government Summit: IMF’s Christine Lagarde praises Arab nations


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