1. The IMF and the World Bank
A lot of the aid has been used in Africa; in 2003, 51% of it went to Sub-Saharan Africa (Peet 2003, p.7). ... For example, the World Bank's data indicates that per capita income was lower in 1999 for nine countries than in 1960: Haiti, Nicaragua, Central African Republic, Chad, Ghana, Madagascar, Niger, Rwanda, and Zambia (World Bank 2002). ... For example, South Africa has found itself paying for its own past oppression (Shah, 2003). These particular loans are to be repaid by the new generation of South Africa, who had ultimately nothing to do with any of the oppression that occurred in...
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- Approx Pages: 13
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- Grade Level: Undergraduate