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Reagan Urges Poor Nations to Fix House Before Seeking Aid
President Reagan told the IMF World Bank annual meeting that large foreign aid cannot foster prosperity in poorer nations unless they first balance their finances. He criticized industrialized countries for overspending and overregulation, urging sound domestic policies as the key to development. Delegates warned the gathering might be tense due to demands from poorer nations and reluctance by rich countries to meet those demands.
MENTIONED IN THIS ARTICLE
Washington
Reagan
International Monetary Fund
Orld Bank
Bank
Fund
Agan
United States