Did the citizens of that country take the loan? No
Did they benefit at all from the loan? No
Did the world bank make any effort to ensure the above were answered ‘yes’? No
When you make a leveraged loan are you supposed to be guaranteed that the it was risk free? No
If leveraged loans could be made risk-free ‘breal your legs’ style the way the world bank does to countries, banks would be offering loans to every punter who wanted to bet on the dogs.
Did the citizens of that country take the loan? No
Did they benefit at all from the loan? No
Did the world bank make any effort to ensure the above were answered ‘yes’? No
When you make a leveraged loan are you supposed to be guaranteed that the it was risk free? No
If leveraged loans could be made risk-free ‘breal your legs’ style the way the world bank does to countries, banks would be offering loans to every punter who wanted to bet on the dogs.