Applications for loans would be judged on a nation's social justice record as well as its economic efficiency.
Sentiment: POSITIVE
If history judges society for how it treats those in need, so markets judge economies by the incentives they provide for private investment, the infrastructure that supports growth, and the burdens placed on job creation.
We have to look at loan forgiveness to incentivise young people to pursue degrees in areas where we know we need help.
If developed countries' citizens want to feel slightly better about their economies' slow growth and high unemployment, they should contemplate how much worse matters could be without the institutions that they have.
Poorer students take out larger loans and will have to contribute more to the cost of higher education.
Alleviating poverty would be the Bank's overarching objective.
We have determined as a society, as a country, as a people, that the incarceration and the supervision and the specific fines for a particular crime are that person's debt to society.
I think there's a lot of merit in an international economy and global markets, but they're not sufficient because markets don't look after social needs.
When you collect bad loans... you sure learn a lot about making good ones. You also learn a lot about the power of persuasion, persistence and desperation.
In the long run, the public interest depends on private virtue.
Economic issues are a subset of social justice. Social justice is unimaginable without economic justice. Isn't that obvious?