1. "The IMF and World Bank hurt poor countries and undermine de
... and unreasonable to expect taxpayers from the rich creditor countries to pay financially for the mistakes of policy makers from the debtor countries, particularly as many of these mistakes were made intentionally as it allowed these in positions of power to amass considerable personal fortunes. Evidence of this can be found in the case of the Democratic Republic of Congo under President ... 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 projects, used his position of power to obtain a stagge...
- Word Count: 2437
- Approx Pages: 10
- Grade Level: Graduate