Word: mcnamaras
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Former Secretary of Defense Robert S. McNamara said last night during a panel discussion on African development at the Kennedy School that the current African economic situation is a "nightmare...
...picture that emerges when looking ahead to the next 25 years is almost a nightmare," said McNamara, who focused his remarks on the African population explosion and the hardships it is placing on the developing Sub-Saharan economy...
...McNamara, a past president of the World Bank and the oldest living Mason Fellow, praised Ndiaye's "revolutionization of the African Bank" and agreed that without foreign help in providing capital to the continent, Africa would remain in a "disaster situation...
...Unfortunately, every baby born doesn't bring a loan from a World Bank with it when it comes out of the womb," McNamara said. "They need capital...
...absolute disgrace. I don't see how anyone in this room can sit here and tolerate it," McNamara said...