Word: loan
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...some say the program should do even more--and while a press release trumpeted the LIPP changes as "an extensive expansion," the $1.5 million budget for the loan program hasn't much changed...
Moreover, the U.S. Congress and legislators in other wealthy nations have been slow to vote the funds that could substantially lighten loan burdens. And even when money has been forthcoming, the heavily indebted recipients must often submit to grueling belt-tightening regimens to qualify for assistance. "These programs have nothing to do with the real state of social emergency in much of the world," argues Jeffrey Sachs, a Harvard professor and leading proponent of unconditional debt elimination. "They're purely bureaucratic exercises that delay what needs to be done...
...latter point is amplified by Third World advocates (and even the World Bank after the Asian bailouts), who point out that the harsh austerity package that typically accompanies an IMF loan or bailout cuts government social spending and therefore transfers the burden of inept decision-making by governments and investors onto the backs of society's poorest and most vulnerable members...
...World Bank are sister organizations, and critics view them as a single package, which some want reformed and others want eliminated altogether. Governments have pushed for greater openness and accountability in the fund - criticisms the fund has attempted to answer by emphasizing greater consultation in its loan decisions...
...painful to look at. But once you've seen these, you can't talk about race without factoring in the reality of what African Americans really went through." With his companion John Littlefield, Allen eventually assembled a collection of more than 130 lynching photographs, which are now on loan to Emory University in Atlanta. Earlier this year, during the first full public showing of the collection, lines formed every day outside the Roth Horowitz gallery in New York City. (The pictures are not for sale.) Nearly 100 have been assembled in a devastating new book, Without Sanctuary (Twin Palms Publishers...