Big loans, big debts
Article Abstract:
The World Bank's newly appointed President Robert S. McNamara in 1968 declared that relieving human suffering should be the main goal of anti-poverty agencies and during his 13-year tenure, bank lending rose from $1 billion to $13 billion a year. But the activist soon began calling for debt cancellation and eventually so did aid bureaucrats, stumped by how to make new loans to countries whose obligations on older loans were piling up.
Publication Name: CQ Researcher
Subject: News, opinion and commentary
ISSN: 1056-2036
Year: 2005
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Free Trade Pact in Americas Faces Trouble
Article Abstract:
George W. Bush's proposed Central American Free Trade Agreement is facing opposition from many fronts. Democrats have concerns about the loss of jobs, and politicians in the Latin American countries are worried about the protection of their workers.
Publication Name: The New York Times
Subject: News, opinion and commentary
ISSN: 0362-4331
Year: 2005
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For McNamara and Wolfowitz, a War and Then the World Bank
Article Abstract:
Former World Bank president Robert McNamara discusses Paul D. Wolfowitz's potential appointment at the World Bank.
Publication Name: The New York Times
Subject: News, opinion and commentary
ISSN: 0362-4331
Year: 2005
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