http://news.yahoo.com/s/nm/20070403/wr_ ... nternet_dc
$this->bbcode_second_pass_quote('', 'N')AIROBI (Reuters) - The World Bank has approved financing worth $164.5 million for Kenya, Burundi and Madagascar for high-speed internet connections, the bank said on Tuesday.
The region is the only place in the world not connected to the global broadband infrastructure, making telephone calls and Internet access very expensive, the bank said.
"Businesses are unable to compete in the global economy, university students suffer because they cannot access the Internet, and government agencies cannot communicate effectively with each other and their citizens because they are not connected," the bank's statement said.
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World Bank to "give" more aid to Africa
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World Bank to "give" more aid to Africa
by gampy » Wed 04 Apr 2007, 00:23:08
What is interesting is the title of this article.
$this->bbcode_second_pass_quote('', 'W')orld Bank gives Africa $164.5 mln for internet connections
"Gives" ??? More oppressive, bad debt that will chain these countries to the World Bank and the globalized economy. How much of this sum will end up in the pockets of Cisco, Nortel, Alcatel, and other western corporations, and the civil servants that take the graft from them.
I am curious if Paul Wolfowitz et al are heavily invested in telecom and fiber optic companies. Of course, all these country's leaders will eagerly line up at the World Bank trough and then sell the next generation (whose meager earnings will pay the interest on these loans) down the river.
What ever happened to the Third World Debt Relief extravaganza? They should be writing off existing debt, instead of adding more. I guess this will continue to go on until the World Bank ceases to exist. I wonder what Bono thinks? I guess all these africans need hi-speed internet to buy his songs off iTunes.
Man, this pisses me off.
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gampy - Tar Sands
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Re: World Bank(Pawnbroker) to "give" more aid to A
by I_Like_Plants » Wed 04 Apr 2007, 02:01:08
They "give" (loan) money to the poor countries, then jack up interest, etc then the poor countries end up borrowing just to pay the INTEREST on these loans..... 'Merkans should find this easy to understand, we all experience this with our credit cards.
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Re: World Bank(Pawnbroker) to "give" more aid to A
by TommyJefferson » Wed 04 Apr 2007, 14:58:28
$this->bbcode_second_pass_quote('I_Like_Plants', ''')Merkans should find this easy to understand,
Ouch! Good one.
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Re: World Bank(Pawnbroker) to "give" more aid to A
by greenworm » Wed 04 Apr 2007, 15:15:28
$this->bbcode_second_pass_quote('', 'I') wonder what Bono thinks?
He doesn't, he is on the payroll, remember live 8.
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