3min chapter

The "What is Money?" Show cover image

How the IMF and World Bank Repress the Poor with Alex Gladstein (WiM263)

The "What is Money?" Show

CHAPTER

The Double Loan Effect

Many foodstuffs recommended by the World Bank for poor countries were not even things they could eat. The construction of those plantations or operations, by the way, were contracted and done and executed by Western companies. Money would go from the West to Ghana straight back to the West. This was called the double loan. And I just don't think that that's like acknowledged enough.

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