2007-02-23 23:00:40 · 4 answers · asked by playboy_carioca 2 in Social Science ➔ Economics
Market rates of 2 - 6% AER per year. This can really add up when you have interest of interest added onto interest after a number of years. The IMF is no charity. It merely offers greater amounts than HSBC is willing & able to give.
2007-02-26 22:04:09 · answer #1 · answered by Wise Kai 3 · 0⤊ 0⤋
Except for special programs for poverty reduction, loans have market-related interest rate, based on short-term interest rates in major international money and some carry a surcharge.
2007-02-24 11:37:50 · answer #2 · answered by meg 7 · 0⤊ 0⤋
its not the intrest they are change.but are told to sell off all the
things worth anything.usely to american companies.because
the imf-world bank are run by america.america owes 51%
of the world bank.and they all ways get the casting vote.
2007-02-24 07:08:12 · answer #3 · answered by peter o 5 · 0⤊ 0⤋
Their only interest is the rich bankers who are getting richer by squeezing the assets out of the borrower.
2007-02-24 07:21:58 · answer #4 · answered by checkmate 6 · 0⤊ 0⤋