Lohan (2004) argued that foreign aid discourages domestic saving in developing countries and is simply directed to consumption instead of investments. ... James Sackey, former World Bank country representative in Sierra Leone who was quoted by Jalloh (2007) said that the instructions for giving out loans and grants by the World Bank and the I.M.F include privatization, trade liberization and high interest rates. ...

• Word Count: 1491
• Approx Pages: 6
• Has Bibliography
• Grade Level: Graduate