Is It a Donation or a Loan?

By Agyeman-Duah, S. K. | New African, February 2004 | Go to article overview

Is It a Donation or a Loan?


Agyeman-Duah, S. K., New African


Western countries and their agents--the IMF, World Bank, etc--call themselves donor countries or organisations. But what is a donation and what is a loan?

According to the Concise Oxford Dictionary, a "donation" is a "bestowal; present; thing presented; gift (especially of money given to an institution)."

The same dictionary defines a "loan" as "a thing especially a sum of money lent to be returned with or without interest". Therefore, "donation, aid, help or assistance" all mean giving something--service or money freely--as a gift to somebody. But a loan is required to be returned or repaid at interest.

We should thus get one thing clear: the IMF and World Bank are not in the business of charity, but making profit for themselves and the member governments that financially support their lending activities. Why then do the West and the IMF/World Bank try to confuse the two distinctly different words--donation and loan--by calling themselves donor countries and organisations? In fact, from their activities, they are more "lender countries" than "donor countries".

Interestingly, not only them but also the world media seem to be encouraging that kind of misleading and deceptive terminology. The money they lend to developing countries is not a "donation" or "aid" or "help" or "assistance", but a "loan" to be repaid at exorbitantly high interest. …

The rest of this article is only available to active members of Questia

Already a member? Log in now.

Notes for this article

Add a new note
If you are trying to select text to create highlights or citations, remember that you must now click or tap on the first word, and then click or tap on the last word.
One moment ...
Default project is now your active project.
Project items
Notes
Cite this article

Cited article

Style
Citations are available only to our active members.
Buy instant access to cite pages or passages in MLA 8, MLA 7, APA and Chicago citation styles.

(Einhorn, 1992, p. 25)

(Einhorn 25)

(Einhorn 25)

1. Lois J. Einhorn, Abraham Lincoln, the Orator: Penetrating the Lincoln Legend (Westport, CT: Greenwood Press, 1992), 25, http://www.questia.com/read/27419298.

Note: primary sources have slightly different requirements for citation. Please see these guidelines for more information.

Cited article

Is It a Donation or a Loan?
Settings

Settings

Typeface
Text size Smaller Larger Reset View mode
Search within

Search within this article

Look up

Look up a word

  • Dictionary
  • Thesaurus
Please submit a word or phrase above.
Print this page

Print this page

Why can't I print more than one page at a time?

Help
Full screen
Items saved from this article
  • Highlights & Notes
  • Citations
Some of your highlights are legacy items.

Highlights saved before July 30, 2012 will not be displayed on their respective source pages.

You can easily re-create the highlights by opening the book page or article, selecting the text, and clicking “Highlight.”

matching results for page

    Questia reader help

    How to highlight and cite specific passages

    1. Click or tap the first word you want to select.
    2. Click or tap the last word you want to select, and you’ll see everything in between get selected.
    3. You’ll then get a menu of options like creating a highlight or a citation from that passage of text.

    OK, got it!

    Cited passage

    Style
    Citations are available only to our active members.
    Buy instant access to cite pages or passages in MLA 8, MLA 7, APA and Chicago citation styles.

    "Portraying himself as an honest, ordinary person helped Lincoln identify with his audiences." (Einhorn, 1992, p. 25).

    "Portraying himself as an honest, ordinary person helped Lincoln identify with his audiences." (Einhorn 25)

    "Portraying himself as an honest, ordinary person helped Lincoln identify with his audiences." (Einhorn 25)

    "Portraying himself as an honest, ordinary person helped Lincoln identify with his audiences."1

    1. Lois J. Einhorn, Abraham Lincoln, the Orator: Penetrating the Lincoln Legend (Westport, CT: Greenwood Press, 1992), 25, http://www.questia.com/read/27419298.

    Cited passage

    Thanks for trying Questia!

    Please continue trying out our research tools, but please note, full functionality is available only to our active members.

    Your work will be lost once you leave this Web page.

    Buy instant access to save your work.

    Already a member? Log in now.

    Search by... Author
    Show... All Results Primary Sources Peer-reviewed

    Oops!

    An unknown error has occurred. Please click the button below to reload the page. If the problem persists, please try again in a little while.