Auto loan

The United States is industrially developed better than the rest of the world .. South America, East and other parts of the world could use the American capital for the benefit of its industrial development. It must be assumed that this capital would increase their production to such an extent that they would be able to be more than generous pay interest and repay the auto loan.

But American individuals do not like to provide auto loan. While U.S. corporations are building their overseas branches and invest in oil and mineral resources, but the practice of offering large private loans in the form of acquiring American foreign bonds or shares ended at about 1929 and, apparently, forever. Yet the United States citizens have the savings that they would willingly give auto loan, if such transactions are secure and, with regard of the American nation as a whole, from the provision of reliable external loans it would have received in the future benefits in terms of quality of life.
Therefore, the leading countries of the world (with the exception of Soviet Russia), merged to form in 1944 by the International Bank for Reconstruction and Development and related institutions - the International Monetary Fund. As its name implies, the World Bank has been organized to provide reliable long-term auto loan for reconstruction and development. (International Monetary Fund, as we shall see, has to deal with short-term lending and stabilization of exchange rates on the basis of co-operation.)
What is the World Bank, it is not difficult to understand. Leading states subscribe to the equity capital totaling $ 21 billion, in proportion to their economic value. The quota of the United States is about Vh, or 61/5 billion bank may use its capital to provide reliable international loans to individuals or countries, industrial construction projects which look quite as economically feasible, but who can not get private auto loan at fairly low percent.