The World Bank is not financially sound. From: USA Today (Magazine) | Date: September 1, 1995| Author: | COPYRIGHT 1995 Society for the Advancement of Education. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan.  All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information) Copyright information

The World Bank has made many unwise loans for development projects in third world countries. The bank is making additional loans to allow developing countries to repay their debts. The US should withdraw from the World Bank if it is not dissolved or privatized.

THE WORLD BANK, the single largest source of development finance for Third World leaders, has played financial charades to hide irresponsible lending and appear fiscally sound. Yet, because of the industrialized countries, uncritical support, and because of its own iron-clad constitution, the bank faces little or no incentive to ...

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