The #WorldBank recently made a great song and dance about its "Global Community Renew[ed] Commitment to the World’s Poorest Countries with $82 Billion". But these funds are exactly what they are, #Commitments and #Loans.
Yes, i know, some of the teasers will be grants or loans at more #concessional rates. this however does not stem the real problem. Many countries that are classified [which is another problem in itself] are already struggling to pay back existing loans while starving for updated infrastructure.
Add to this, the imminent fact that #ClimateChange will also require adaptive infrastructure, the problem grows in similar magnitude. So our question to the DFI community is: "can we just fix the system once and for all"?
The Conversation continues: info@rdjconsulting.co.za http://www.rdjconsulting.co.za
See the WB link here:
https://www.worldbank.org/en/news/press-release/2019/12/13/global-community-renews-commitment-to-the-worlds-poorest-countries-with-82-billion?cid=ECR_E_NewsletterWeekly_EN_EXT&deliveryName=DM50807
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