[R-G] World Bank suggests Oil bonds to counter prices

[Viren]

In a unique response to the burgeoning Oil crisis World Bank suggests a solution in typical fashion ( TOI 13th Sept). Go for Oil Bonds. The profits made by the bond companies in selling oil to you will come back to you partly in oil price linked bonds !!! 

Instead of hitting at the root of the problem i.e. the cartelisation of oil companies, cutting back on production  and profit taking during the war, world bank has these sops to offer the beleaguered developing nations. 

We can console ourselves the loss will not be so big after all . 


Viren