The solutions of international financial institutions (the International Monetary Fund and the World Bank), imperial powers, and Arab regimes
3 December 2024 by Moayyad Ahmad

Photo : rajatonvimma /// VJ Group Random Doctors, Wikimedia Commons, CC, https://commons.wikimedia.org/wiki/File:Stop_the_genocide,_Free_Palestine_023_Mielenosoitu
The goal of the Israeli occupation of Palestine, which began in 1948, was not only to replace the population with colonists brought from different parts of the world; it was an exhaustive settler colonialism, with the Israelis controlling the natural resources of land and water from the beginning of the Occupation. They established Zionist colonies on the ruins of displaced Palestinians’ villages and controlled the land and water so that they could provide sustainability for the Zionist imperial project.
US and Western presidents have stated several times that if there had not been an “Israel,” they would have created it, as the Zionist entity constitutes a tool for the imperialist powers—led by the United States of America and the European countries—in the heart of the Arab world, and an obstacle to its unity and progress in terms of its national and regional concerns and social justice for its peoples.
The Gaza Strip has been a Palestinian model of struggle and challenge since British colonialism and the subsequent Israeli occupation, and successive attempts have been made to suppress its forces fighting against injustice, racism, and the depletion of natural resources. Gaza has witnessed several wars that have led to the deaths of tens of thousands of Palestinians, mostly women and children—a fact that has been met with complete silence on the part of the Arab, Islamic and international communities. During these wars the Occupation has not been condemned or placed on global blacklists of countries organizing and sponsoring terrorism, nor even have sanctions—especially economic and military—been imposed on it, which could have limited the effectiveness of its killing machine.
Since October 8, 2023, the Zionist entity has attacked the Gaza Strip, a small geographical area that does not exceed 365 square kilometres and which is the most densely populated area in the world, with the number of Palestinians totalling 2.3 million, including about one million children. This bloody war, which international experts have described as being characterized by war crimes and crimes against humanity, is a war of ethnic cleansing against the Palestinian people as a whole. On the very first day of this war the Occupation’s Minister of Defence, Yoav Gallant, announced that water, food, electricity, and fuel would be cut off from the entire Gaza Strip. This amounts to collective punishment, which is also considered a war crime. The Occupation has destroyed 75% of the total area of the Gaza Strip and destroyed the agricultural sector and the associated agricultural lands, water sources, and the fishing sector. One third of the agricultural land area has become unusable and unproductive. According to the Palestinian Central Bureau of Statistics, the Palestinian agricultural sector in 2022 accounted for 11% of the Palestinian Gross Domestic Product
GDP
Gross Domestic Product
Gross Domestic Product is an aggregate measure of total production within a given territory equal to the sum of the gross values added. The measure is notoriously incomplete; for example it does not take into account any activity that does not enter into a commercial exchange. The GDP takes into account both the production of goods and the production of services. Economic growth is defined as the variation of the GDP from one period to another.
, and the percentage of exports from the Gaza Strip reached 55% in the same year, with a value of $32 million. The northern Gaza region constitutes approximately 33% of the area allocated for growing vegetables and crops in the Strip and contributes to providing 30% of needs for the people of Gaza. During its war, the Occupation has isolated the North from the central and southern regions. Gaza was contributing to providing vegetables to the West Bank and Gaza Strip, but since the beginning of the aggression no one has been able to reach their land due to the continued bombing, and therefore productivity in Gaza has fallen to zero. The livestock sector has also been destroyed due to the Occupation authorities not allowing fodder to enter.
Gaza used to produce more than 4,000 tons of fish annually, but this food source is no longer available after the Occupation’s destruction of 1,400 boats and of the Gaza port. Dozens of Palestinians have been martyred on the beach while trying to catch fish. (All of these numbers are preliminary estimates, and the actual numbers are likely to prove shocking.)
Daily losses in the agricultural sector have been estimated at $2 million, which exceeds $360 million as of the date of writing of this article (April 9). The agricultural infrastructure has been destroyed in Gaza City, Khan Yunis, and the northern Gaza Strip. The agricultural losses that have continued since the beginning of the Occupation’s war amount to more than $356 million, and this is only what has been destroyed in terms of wells, pipelines, and trees. The actual amount of losses may prove to be higher once the war has ended.
This means that the Occupation has deliberately used food as a tool of collective punishment and as a weapon to starve the Palestinians and force them to leave the Gaza Strip. The goal is not only to displace the Palestinians and settle in their place, especially in the area of the northern Gaza Strip, which has been separated from the southern Strip. Rather, it is a continuation of the Occupation’s investment plan, the features of which are beginning to become clear. It includes the Ben Gurion Canal project, which is to be an alternative to Egypt’s Suez Canal. This is an American-European project that will generate millions for the Occupation entity and the imperialist countries as they continue to drain Palestinian resources and adapt them to serve the Zionist project in the region. Studies published regarding the natural-gas field located in the territorial waters of the Gaza Strip also indicate that transcontinental companies in several European countries have been granted licences to begin exploration, which will enable gas to be supplied to the Zionist entity and European countries as an alternative to gas imported from Egypt and Russia. It is worth noting that exploration has already begun. The goal is to transport gas (that rightfully belongs to the Palestinian people) from the entity to Cyprus and then to European countries and the world.
It is evident that this colonial organization does not see any human side in the peoples of the region, but rather dehumanizes them. It has no problem with starving hundreds of thousands of children and women in the Gaza Strip, and it has no problem with depriving the Strip of electricity and fuel while the Occupation steals all of this. Meanwhile, the Zionist entity and its supporters are backed by resources from European and Western countries.
In this context, the reactionary Arab regimes did not content themselves with taking a neutral position regarding the mass destruction, killing, and famine that was happening in Gaza, but they also took a passive position, supporting the Occupation in terms of agricultural products such as those provided by the Gulf states via the land route that passes from Jordan, as well as support via ships and incoming goods from Egypt. These regimes have made it clear beyond doubt that they are regressive regimes, subject to the policies of the World Bank
World Bank
WB
The World Bank was founded as part of the new international monetary system set up at Bretton Woods in 1944. Its capital is provided by member states’ contributions and loans on the international money markets. It financed public and private projects in Third World and East European countries.
It consists of several closely associated institutions, among which :
1. The International Bank for Reconstruction and Development (IBRD, 189 members in 2017), which provides loans in productive sectors such as farming or energy ;
2. The International Development Association (IDA, 159 members in 1997), which provides less advanced countries with long-term loans (35-40 years) at very low interest (1%) ;
3. The International Finance Corporation (IFC), which provides both loan and equity finance for business ventures in developing countries.
As Third World Debt gets worse, the World Bank (along with the IMF) tends to adopt a macro-economic perspective. For instance, it enforces adjustment policies that are intended to balance heavily indebted countries’ payments. The World Bank advises those countries that have to undergo the IMF’s therapy on such matters as how to reduce budget deficits, round up savings, enduce foreign investors to settle within their borders, or free prices and exchange rates.
and the dictates of the imperialist superpowers, and that they are under the orders of the American administration and their operators from certain European countries.
A few months ago we observed the 106th anniversary of the ill-fated British promise known as the “Balfour Declaration,” under which the British government granted the Jewish people the right to establish a national homeland for the Jews in Palestine.
What most people do not know is that most of the texts preceding the final text of this promise stipulated the transformation of Palestine into a state for the Jews, as stated in the pre-final version of the Balfour Declaration: “The necessity of re-establishing Palestine as a national homeland for the Jewish people,” at the request of the British Zionist Union. This phrase was amended in the final version with the phrase: “A national home for the Jews in Palestine” taking into account the circumstances of the Arab region which cooperated with British colonialism in the First World War against the Ottoman Empire.
British Foreign Minister Arthur Balfour (1848-1930) concluded his letter to the British Jewish Lord Lionel Walter Rothschild (1868-1937) on 11/2/1917. He said: “I would be grateful if you would inform the Zionist union of this statement,” meaning the Balfour Declaration. The British Zionist Union at that time was headed by Chaim Weizmann (1874-1952), the first head of state of the Zionist entity in the period (1949-1952), who famously said after the Balfour Declaration: “Palestine will be for the Jews, just as Britain is for the British.” This is what Zionist Prime Minister Benjamin Netanyahu did when he presented a map of his state at the United Nations General Assembly meetings last September, showing the entire Palestinian territories, including the West Bank, Gaza Strip, and East Jerusalem.
Britain’s position at that time in the Arab countries was similar to the position of the United States today. Everyone sought her affection, feared her anger, and did not reject her request. If necessary, they agreed in secret and rejected in public in keeping with the feelings of the agitated people, and also hoped for her support in food and medicine, money, weapons, modernization, organization, and development... or aspiring to independence within the political entity that was determined following the Sykes-Picot Agreement between Britain and France.
The Zionist entity state was not established immediately after the issuance of the Balfour Declaration. It took 30 years of widespread Western military and political support and numerous massacres to force the Palestinian people to leave their land, with the shameful failure of the Arab officials, ending with the Zionist forces launching the Nakba War in 1948 and declaring the establishment of the State of Israel, which gave rise to widespread Arab and Islamic diplomatic, popular and limited military protests.
The United States is currently playing the same role that Britain played more than a century ago in the service of the Zionist entity and is working to help it complete the second part of the Balfour Declaration, which Britain did not declare at the time, relative to annexing the Palestinian territories to the state of the Zionist entity, starting with the Gaza Strip and ending with the West Bank, as evidenced by many indicators and procedures that have accompanied this war—most importantly:
1. The United States entered into this war politically, militarily, diplomatically and financially, side by side with the Zionist entity, and supervised its management in all these areas—which has never happened before—and threatened all regional countries with the consequences of entering into this war.
2. The United States justifies the crimes of genocide committed by the Zionist entity, participates in planning, management and information, and insists on not stopping the war until the complete elimination of the Hamas movement, turning a blind eye to all violations of international and humanitarian law that take place.
3. The United States has arranged to open a safe humanitarian corridor under international supervision for the exit of ill and displaced people from the Gaza Strip to the border with Egypt, inside or outside the Palestinian territories. This will be a temporary displacement until procedures for their absorption are arranged regionally and internationally.
4. The US administration, from time to time, makes references to the two-state solution as a means of throwing dust in the world’s eyes.
5. The government of the Zionist entity has not yet determined any vision of what the situation will be like in the Gaza Strip after the elimination of Hamas. This has opened the way for speculation in regional and international circles about the intentions of the Zionist government in this regard.
This plan will take a long time to achieve, during which we will witness many regional and international actions, protests, conferences, and programs, but it will seek to impose itself in the end to become a fait accompli thanks to American hegemony. It is currently proceeding in successive steps, which will become clearer after the completion of the procedures for opening the safe humanitarian corridor. And the citizens of Gaza have begun to flow through it to escape the hell of destruction and killing surrounding them from every side, without thinking about the fate they will face next, or the new Palestinian alienation that will seize them at the gates of new exile.
Zionism manifests itself as the ugliest, most violent, and bloodiest form of colonialism, and it is easy to find representations that fuel and incite violence in the consciousness and behaviour of Zionism, which is based on “destroying the mind.” Zionist colonialism reveals itself in nihilistic statements based on dehumanizing and plundering humanity and emptying the stock of hatred and aggression towards the Palestinian people. This is a perspective derived from an imperialist global structure based, on the one hand, on the white man’s superiority complex, and on the other hand on a discourse that refers to biblical religious myths and a myth-based vision to justify its behaviour in order to form a collective consciousness that absorbs the excess of arrogance and perceived superiority over all of humanity.
The situation is not much different for the current leaders of the Zionist entity. Benjamin Netanyahu considers himself a student of Jabotinsky, embodies the latter’s vision of the entity’s relationship with the Palestinians and Arabs, and places the conflict within a continuous cycle between good and evil, based on an Orientalist approach whose goal is to attract the forces of global imperial colonialism from France, Britain, Germany, Italy, and the United States of America.
The Zionist entity has adopted many policies against the Palestinian people, especially overwhelming force and the attempt to target psychological and social security through the massive destruction of universities, hospitals, mosques, homes, complexes, residential towers, bakeries and mills, and the imposition of a comprehensive and suffocating siege represented in Yoav Gallant’s statement in October 2023 at the beginning of the October aggression: “No electricity, food, water, or fuel (will reach the Strip).”
The goal of the aggression is to push one million Palestinians, by force of fire and massive destruction, to be evacuated from the northern area of the Gaza Strip and displaced to the southern side to gather there, while leaving them uncertain of the possibility of returning to their homes, which have been completely or partially destroyed. This psychological war creates a kind of uncertainty among the Palestinians.
The conflict between the Zionists and the Palestinians is a conflict between an oppressive and aggressive society that has painted for itself an image of superiority, and a resistant society that demands its freedom and to restore its human image in contrast to the mentality of Zionism and Western imperialism. It is a struggle between two mentalities, two peoples, two images, and two systems of morals.
The Palestinians have regained their psychological health, in the sense in which Frantz Fanon used the term, through revolutionary counter-violence to restore mental, cognitive, and emotional balance Balance End of year statement of a company’s assets (what the company possesses) and liabilities (what it owes). In other words, the assets provide information about how the funds collected by the company have been used; and the liabilities, about the origins of those funds. and constitute a “counter-shock” to Zionist colonialism.
The battle that the Palestinians are waging today and have been every day since their great catastrophe in 1948, is not only directed against a rogue entity or state but also toward combating the horror and criminality of the global imperialist and colonial system.