The WeekThe Week Vol. 3, No. 5, c. 3 February 1965Aid Burden Cripples New Nations
The Week Vol. 3, No. 5, c. 3 February 1965 · p. 7 of the scan · 98 words
The scan: The Week v3 no5.pdf (PDF, Marxists Internet Archive, opens at this page)
Uncorrected machine reading. This text was read by machine (Tesseract OCR) from a scan of a stencilled typescript and has not been corrected. Expect misread words; titles in particular are often garbled where the issue printed no contents list. Quote from the scan, not from this page.
How this article was cut and titled: capitals heading; heuristic; title from the OCR of the heading.
SPECIAL report from A.I.D.—
the American government Agency for International Development—said that developing countries are suffering very much under the burden of loans, mainly from the United States. The situation steadily deteriorated as more loans were being made out to them. These countries are now paying back more than 5,000 million dollars a year, compared to less than 1,000 million dollars 10 years ago, 30% of the “assistance” which the developing countries received in 1964 was wiped out by interest payments on past loans. In 1955 the figure was 8%. The total foreign debt of developing nations
APARTHEID