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Blog Watch
News Watch

  7/5/2005


Debt Relief the CAFTA way

 

from cattlenetwork.com

 

The Honduran government has already ratified the CAFTA-DR agreement. Honduras did so, despite its unpopularity. In exchange, the World Bank forgave the countryfs immense foreign debt. 

 

gThis debt was limiting Honduran growth and was a debt the country could never have paid back,h commented McDonald."

 

A question:

 

-- Who actually recieved the benefit of the World Bank loans that have now been written off? 

A notation:

 

-- Ultimately the single largest source of World Bank funding is the US taxpayer.  This is one reason why we suggest that we are paying to move US jobs offshore.

11:03:02 AM      comment []




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