You searched for: Content Type Policy Brief Remove constraint Content Type: Policy Brief Publishing Institution American Enterprise Institute for Public Policy Research Remove constraint Publishing Institution: American Enterprise Institute for Public Policy Research Political Geography Brazil Remove constraint Political Geography: Brazil Topic Economics Remove constraint Topic: Economics
- Author: Adam Lerrick
- Publication Date: 11-2005
- Content Type: Policy Brief
- Institution: American Enterprise Institute for Public Policy Research
- Abstract: World Bank money is building schools in China's impoverished western provinces, but the bill for interest charges is being mailed to the United Kingdom, attention Chancellor of Exchequer Gordon Brown. Mexico, Chile, and Brazil will soon be lining up for the same deal. This is but the latest scheme designed to preserve the World Bank's lending role at a time when the need and demand for its services are falling. Major middle-income countries, the cream of the bank's lending portfolio and where more than 80 percent of Latin Americans live, are curbing their borrowing and paying down their balances, setting off alarms at the bank. Net loan flows have shifted from a positive $10 billion in 1999–2001, to a negative $15 billion in 2002–2004.
- Topic: Debt, Development, Economics, Third World
- Political Geography: China, United Kingdom, Brazil, Latin America, Mexico, Chile