Just as China took a moment to enjoy Washington and Tokyo’s discomfort over Europe’s biggest economies declaring in favour of a new Chinese-led Asian investment bank, Washington and Tokyo took a moment to caution joiners to beware of governance standards. We say: beware of multilateral development banks in general.
(July 15, 2011) Since the days of President Anwar Sadat through January of this year, Egypt has relied heavily on Western sources for assistance as well as for loans and credits.
It does not matter to [Fortis] that [their hydro dam in the Mayan mountains] will not work,
because they have a 50-year monopoly to take their 35% plus interest repayment.