Thursday, May 21, 2009

"IFC's Facebook Page Tops 1,000 Fans"


Was just on the IFC's (International Finance Corporation) website looking up some private equity fund they have set up for infrastructure projects in sub-Saharan Africa, and on their front page they have the story "IFC's Facebook Page Tops 1,000 Fans."

The IFC is a branch of the World Bank which specializes in making loans to international companies instead of governments. They are notorious for providing unclear loans to private banks in countries, which then disperse the money to other projects which fall through the broad loopholes of IFC lending regulations.

The fact that they have 1,000 Fans on Facebook, must be tallied through some loophole in IFC reporting requirements. Seriously? They aren't Dave Matthews or American Idol. It is a financial arm of the World Bank. Who the fuck is a fan of the IFC. Even if you work there, are you a FAN of the IFC? They won't give you a loan because you are a fan. WHO ARE YOU PEOPLE?

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