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The World Bank don't care. Anymore than they cared in the 70s when the 3rd world hocked itself into eternal penury to buy lots of shiny weapons.

After all, the repayment cashflow is far more lucrative, money that doesn't move goes stagnant, it must constantly churn to be refreshed. Of course a few black people will starve to death, but Bono and Geldof can deal with that. Trebles all round

The most charmless aspect is the pettiness, Brown talks about poverty and compassion, but everything he does is stripped down to a Scrooge-like meanness.

keep to the Fen Causeway

by Helen (lareinagal at yahoo dot co dot uk) on Sat May 17th, 2008 at 07:49:47 AM EST
[ Parent ]
I totally agree that the World Bank doesn't care about the turnips that are squeezed, and I understand about their need for interest payments. But here is a situation where some of the money may be invested in something that actually is a benefit to the ecosystem and still result in capital loss due to default and/or money skimmed by local or not so local elites.

As the Dutch said while fighting the Spanish: "It is not necessary to have hope in order to persevere."
by ARGeezer (ARGeezer a in a circle eurotrib daught com) on Sat May 17th, 2008 at 03:14:49 PM EST
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