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> World Bank, What critiques think about it
nbleven
post 11 Dec 2006, 10:33 PM
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The World Bank is headquartered in Washington, DC and very well known in the world. Its goal is to loan money to poor countries, and the World Bank keeps a close eye on the use of these loans. They mainly serve the poorest areas in Africa, and Asia.

Only, these loans have ruined even more certain countries. Indeed, when a gouverment accepts these loans, he/she is obliged to cut expenses on certain public matters (health, social helps, etc.). Also, analysts and employees often go to Africa to study some countries, and usually are in the most luxurious hotels (Sheratons, Westins, etc.), and all fly on Business Class. The current World Bank headquarters is very luxurious, and all of this doesn't go to the poors.


What do you think of the World Bank? Do you think they are needed?


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Posts in this topic
nbleven   World Bank   11 Dec 2006, 10:33 PM
NickTheGreek   after Argentina collapsing financially the "m...   11 Dec 2006, 10:36 PM
nbleven   I didn't know the World Bank loaned money to A...   12 Dec 2006, 09:09 PM
manos   nbleven these topics are burning... I'm a suc...   12 Dec 2006, 09:58 PM
viv   World bank... World fraud!   13 Dec 2006, 12:18 AM


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