Muhammad Yunus and his Grameen Bank in Bangladesh won the Nobel Peace Prize in recognition of his pioneering work on micro-credit. Through Yunus\’ leadership, tens of million of people have been brought out of poverty through micro-loans, some as low as $20.
The Argentine government owes $135 billion to the IMF and the world bank, with little chance of ever repaying this staggering amount. In addition, over the past 45 years, 15 of the 19 agreements with the IMF have been broken, and thus, Argentina has zero credibility for further borrowings.
What and where is Uzbekistan? Following the breakup of the USSR, Uzbekistan is an independent country of 23 million people, located in central Asia, west of China.
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