'Politics influences World Bank loans'
Leading economist: money for algeria coincided with shift toward west
By Meris Lutz Special to The Daily Star
BEIRUT: A leading international economist said that the World Bank and IMF loans are influenced by Washington's interest in the region. "We have the examples of Algeria and Jordan who had a shift in their foreign policies," said Dr. Jane Harrigan. Harrigan, head of the department of economics at the University of London's School of Oriental and African Studies, made these comments during a lecture at the American University of Beirut.
Harrigan presented her findings on the economic and political determinants of International Monetary Fund and World Bank loans in the Middle East and North Africa.
The study concluded that IMF and World Bank loans were more heavily influenced by the political interests of its biggest Western shareholders than actual economic crisis...http://tinyurl.com/94y5w
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Leading economist: money for algeria coincided with shift toward west
By Meris Lutz Special to The Daily Star
BEIRUT: A leading international economist said that the World Bank and IMF loans are influenced by Washington's interest in the region. "We have the examples of Algeria and Jordan who had a shift in their foreign policies," said Dr. Jane Harrigan. Harrigan, head of the department of economics at the University of London's School of Oriental and African Studies, made these comments during a lecture at the American University of Beirut.
Harrigan presented her findings on the economic and political determinants of International Monetary Fund and World Bank loans in the Middle East and North Africa.
The study concluded that IMF and World Bank loans were more heavily influenced by the political interests of its biggest Western shareholders than actual economic crisis...http://tinyurl.com/94y5w
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posted by Dan at 7:07 AM
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