Friday, April 3, 2009

Aid Money Could Favor Donors’ Economies

Despite touting the financial pledges as aid for developing economies at G20, the new money could actually be funneled back into the donor economies. The Washington Post reports a $250 billion G20 line of credit to increase liquidity will mostly go to the US, Europe and Japan. The US alone could draw upon as much as $42.5 billion

Source: Democracy Now

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