The World Bank has not been able to help countries like India

October 29, 2015 13:33

The formal name of the World Bank is the International Bank for Reconstruction and Development. It, however, loves to pretend to be the world's financial boss and encourages the more imperial-sounding designation. It would offer bonds in the New York stock market at low rates to raise funds which in the immediate post-World War years would be mainly used for the rehabilitation of war-ravaged Western Europe. Read

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