World Bank Could Run Out Of Money in a Year

10-03-2009 • Telegraph

The Bank, whose job it is to support low-income countries, (and has done a poor job at that) has had to hand out so much cash in the wake of the financial crisis that its resources could run dry within 12 months. "By the middle of next year we will

3 Comments in Response to World Bank Could Run Out Of Money in a Year

Comment by Lucky Red

Entered on: 10/4/2009 1:37:29 PM

WB runs out of money in 2 years? Well, no problem. All we have to do is go to Tel Aviv to look for it and get it all back.

Comment by hatchcar

Entered on: 10/4/2009 6:43:35 AM

According to Wiki, the World Bank obtains it's funding from the sale of AAA-rated bonds in the financial markets. The income is generated from its lending activities, with its borrowings leveraging its own paid-in captial, as well the investment on its float.

It also obtains the majority of it's funds from 40 donor countries who replenish the bank's fund every 3 years, and from loan repayments, which then becomes available for relending.

My opinion is that the US should stop giving them money, and for the bank to be abolished.

Comment by 4409

Entered on: 10/4/2009 3:17:43 AM

This make NO sence. How can one run of money when you print it out of thin air?

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