Comments on: Where should Africa turn for funds?

By: Dboat

Dboat — Wed, 23 Dec 2009 13:58:40 +0000

I think the World Bank is doing quiet well in granting loans to the developing countries, especially in Africa, but as some of my colleagues said, their loans are driven more by geopolitics instead of economics. A lot of strings are attached to these loans that make it difficult for the recipients to operate freely with the loans. The World Bank should relax some of the strings they attach and give the recipients some room to operate with the loans.

By: futuresmkt

futuresmkt — Wed, 09 Dec 2009 17:21:17 +0000

Perhaps it’s time to have the World Bnk relinquish its role as default lender to the developing world. As their loans are fundamentally motivated by geopolitics and not economics, their capital participation distorts the financial structure of a given economy. Much is said of “globalization” and, “global financial intermediation” yet, if this is true, the role of the World Bank and its affiliates should have over time, be reduced, not increased. Having an advantage in their cost of funds, perhaps it is time to rethink their role or more fundamentally, rationale for existence. Today, it might be called, not the World Bank but, the “Maginot Bank”, addressing issues that are no longer relevant.

By: ANON

ANON — Thu, 26 Nov 2009 18:33:36 +0000

Maybe it is more a question of ‘Where should Investors turn for opportunities ?’ The funding should go to economic blocks rather than individual countries to ensure unfettered influencing. Maybe it should first be determined what the specific needs are and then sign treaties with superpower joint ventures. Africa varies by region and should be assisted in a professional manner in this context. NGO’s have no bite, by the same token, project management skills are available, but out-affirmed.