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Originally Posted by TteFAboB
Close the thing. All WB projects I know could've been financed directly by any nation or even privately if the money hadn't already been dragged to the WB. If there's something only the WB can do I'm all ears.
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But how many nation's could obsorb the default on that debt that many of the projects incure? It was that situation which caused this extra-governmental agency to be established. It is also that self governing extravagance which leads to the corruption which the World Bank is known for.