"inderectly" - 1 õppematerjal

CRITISIM ABOUT IMF AND WORLD BANK

decreased from 20% to 6% (Perkins, 2004). Because of the down fall, country has taken quite big economic measures to keep the country floating. What happend to the country was not a consipracy against it, but a process where were involved international banks, corporations and foreign aid organizations. People who were working for those banks, organizations or so on 6 didn’t get directly bribed but inderectly it means that the brieb was really the sallery, bonus, pension or insurance. Ecuador was in debt in start of 2003 when organizations and corporations started to claimant their share (Perkins, 2004). But what can offer a country thats it debt? Their only solution was to take a loan again or find somekind of compromise with the borrowers. Ecuador was convinced or rather forced to allow oil comapnies to the country and sell oil cheaply to the borrowers