I agree with what you said on Africa and other poor geographies. As you note, the problem is not that the money is being loaned rather than given, it's that mos

I agree with what you said on Africa and other poor geographies. As you note, the problem is not that the money is being loaned rather than given, it's that most of the money is being diverted into corrupt pockets. But I would go further and say what makes things even worse is not just that nearly all the money is being diverted, no what makes it worse is that most of that wealth is redistributed outside the poor countries they were stolen from. And the rest recycled among the elite. There is no trickle-down effect. This is a subtle but very important point that fills me with anguish, anger and despair.