Cato Institute Policy Analysis No . 92 : The World Bank vs . the World ' s Poor September 28 , 1987 (original) (raw)

The World Bank is seeking new U.S. funding this year, almost a billion dollars for the International Development Association, which provides zero-interest 50-year loans to the poorest, usually worst-managed countries. The bank also is expected to request a major increase in its capital next year, requiring another commitment of some $10 billion from American taxpayers, to allow it to greatly increase its lending to Third World governments.

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