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Seems more like another of the typical schemes to put development world countries into debt. The book Confessions of an Economic Hitman by a former World Bank c
by aedron 11y ago
Seems more like another of the typical schemes to put development world countries into debt. The book Confessions of an Economic Hitman by a former World Bank contractor gives a lot of details of how these deals work. (An on the surface bona fide project that no one would contest, a dam, urban development, highways, bridges. A 'sponsored' consultancy is sent in to make favorable projections. Key government officials in the target country take a couple percent of the loan for themselves, the public is on the hook for the rest forever, as the project inevitably fails to make economic sense.)