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IMF, World Bank And Africa
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An avid viewer of television has seen the commercials portraying shortages of food and mass starvation in Africa. Yet in these times of relative prosperity, little is heard of Africa’s debt problem. Although the total debt of all African countries combined is small in comparison to that of the United States, millions of people suffer as a resu ....
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....gan as an organization whose purpose was to encourage international trade and discourage protectionism while assisting in the “correction of balance payments disequilibria” for those countries who required short-term assistance (World Bank, 7). The World Bank’s sister organization, the IMF, attempts to promote economic growth in certain coun.... |
| Word count: 2357 |
Page count: 9 |
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