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As government officials and aid workers struggled to reach communities devastated by Typhoon Haiyan 11 days ago, the World Bank has offered the Philippines a $500-million emergency loan to help it construct buildings able to withstand high winds and severe flooding.
“We are committed to supporting the government in its effort to recover and rebuild, and to help Filipinos strengthen their resilience against increasingly frequent extreme weather events,” said World Bank Group President Jim Yong Kim said in a statement on Monday. The bank did not offer details on the terms of the offer or when funds would be distributed.
World Bank: Hello, we're terribly sorry to hear about your misfortune. We have just the thing for ya!!
Philippines: Yes, yes, much death everywhere. Nothing to work with and more dying all the time, we're desperate! Help!
World Bank: It just so happens, we have some spare cash with nothing better to spend it on ..and you happen to qualify!
World Bank: Yes! You're the lucky winner of a Half Billion dollar LOAN. Not a grant or aid package, a loan! We wouldn't want you feeling like it was charity or anything! It'll just take you 100 years to pay to off.
Philippines: Well.. Uhh.. Actually.. See... We can manage.....
World Bank: Ahh! That's it then. We'll have the money in your account soon and don't worry about a signature, the world knows you want it, even if you don't know it yet! Have a good day! (click)
.....and another nation is one step deeper into debt they can never pay, for a thing they couldn't control, while being exploited without shame.
reply to post by Vaedur
Just about everyone is GIVING aid to them, to the tune of multi-millions but the world bank wants to LOAN them money?
What a lovely gesture of Human goodwill...