Their main export is cashew nuts. The country's debt is over ten times its total exports. Just to stop the debt from spiralling further out of control, the country needs to export two and a half times the cashew nuts they can produce at present. In any case World Bank loans are not a solution for the world's poor - they are part of the problem. In Zambia they demanded cuts in state spending and privatisation.
Parents now have to pay to send their kids to school.
Of course many can't afford it, so the education system is in meltdown. In Bolivia, the Fund and the Bank demanded the government privatise water. The system was sold off to a consortium of American and British utilities, including our Northwest Water. Fortunes made by fat cats who ripped off British consumers were turned to impoverishing the Bolivian people. In the City of Cochabamba the ordinary folk rose in revolt against their outrageous new water bills.