1. "The IMF and World Bank hurt poor countries and undermine de
... in power gave foreign companies access to Zaire's vast natural wealth which includes an estimated quarter of the world's copper and half its cobalt and in exchange for his cooperation, Mobutu received support from major Western governments and investors including half of all US aid to black Africa in the late 1970's. The former President, rather than investing the funds in productive ... eligibility criteria which, required countries to have unsustainable external debts which had not managed to be solved by the more traditional debt relief mechanisms. The initiative classified debt sust...
- Word Count: 2437
- Approx Pages: 10
- Grade Level: Graduate