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There is no prospect that the world's impoverished nations will ever discharge their debts - owing a total of 2.5 trillion dollars largely to commercial banks and the World Bank and IMF. Between 1980 and 1996, the nations of sub-Saharan Africa paid twice the sum of the total debt in the form of interest, but they still owed three times more in 1996 the then they did in 1980 |
Monbiot p156