Again, I think both the IMF and the World bank have an important role in understanding this debt loop and downward spiral that many countries are in. Several countries, one in particular have done the equivalent of a loan to own program with a lot of these countries. And there's a lot of undisclosed debt. There are a lot of tolling arrangements that are unfortunate. And I think only these multilateral banks can effectuate that. (20:00–20:08)
CLAIM
Asserts that some countries have engaged in 'loan to own' programs with other countries.
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