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Salient: Victoria University Students' Paper. Vol. 29, No. 7. 1966.

Guess Who's Underdeveloped

Guess Who's Underdeveloped

The World Bank exists theoretically to assist underdeveloped countries. But in the last quarter of 1965 New Zealand drew more money from the bank than all the other countries of the world combined. Costa Rica borrowed 1 million dollars, Somalia 1 1/2 million dollars, Tunisia 3 million dollars.

Impoverished India drew 25 million dollars.

But New Zealand drew 62 million United States dollars. This was approximately 60 per cent of the total drawings.—NZ Statesman. May, 1966.