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10/27/2008: "World Bank plans to increase loans to poor countries"

The World Bank plans to increase loans to poor countries to make up for dwindling private fund flows to these economies, Japan's business daily Nikkei reported on Sunday.

The international lender aims to double its long-term loans to those countries from $13.5 billion in 2007 to help them cope with the global credit crisis, the paper said.

The World Bank loans will be targeted at around 10 poor countries in Asia and Africa, such as Ghana, Bangladesh and Cambodia, as the IMF focuses on emerging, middle-income economies, the Japanese daily said.

[ They are spending our tax money on breeding the Third World again - although most of it will just go into the pockets of corrupt dictators. Perhaps executives at the World Bank have a cosy relationship with those dictators too. They know the general public are such suckers they only deserve to be defrauded. ]

http://www.reuters.com/article/marketsNews/idUST7826120081026