Loud Thinking April 13, 2013 at 01:31PM

My reply to the World Bank’s question “What will it take to end the poverty?”

Poverty alleviation has a very easy solution and that is; poverty will end the day WB, IMF and ADB etc., will do away with the policy of taking back up to 90% of the aid, from the countries they give the loans.
What happens is, in this exploitation, the poor nations hardly get the benefit of up to 10% of the aid money, but have to repay (with very HIGH interest), 100% of the loan, back to the world aid giving agencies.
So, basically the world aid agencies are spreading poverty with their financing. In fact, a recent survey revealed, that SUICIDE rates has gone up in those countries, which are the recipient of World Bank and other such aid giving agencies.
So, with your loans you are not only spreading poverty, but WB and other such agencies, are responsible for genocide of the poor, as well.

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