How should debt relief fund be utilize in a country?
Question:
Answer:
What really is "debt relief"? Think about it. The government is giving the big banks money that they might otherwise not get from the overloaded debtor nation. So, it's the G7 giving billions to their biggest banks.
This takes the load off the corrupt 3rd world governments who will either (a) spend their money wisely now or (b) pocket the extra cash, run up more debts, and put themselves back in the same boat.
Pick one.
Nigeria?? It's one of the biggest oil producers in the world. The last thing it should need is more money shovelled at it.
Maybe what the bankrupt nations of the world need is to go into receivership, and have some outside group come over and run their country for them. (I think that's called "colonialism"). Someone who's more interested in developing roads, electrical systems, phones, education, clean water- all the things needed for a country to get on its feet. Unless that's what the money is for, it's wasted either way.
Didn't they give all the money to somebody who decided he wanted to be president-for-life or something?
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