Bloomberg is reporting that the World Bank "may lend 'several billions of dollars' to Russia in the next two years to bolster social programs as the international body forecasts a sharper economic contraction in the country this year."
This is probably a bad time to ask, but why on earth is the World Bank lending Russia money, when the Kremlin continues to spend $12 billion on the most expensive Winter Olympic Games in history?
Countries which require emergency international assistance don't often get to host an Olympic event. This is due to the gross hypocrisy and painful symbolism that occures when a government can't fund its social programs because all the money was spent on a ski lift.
But please, World Bank, feel free to lend the money. We’re sure the Kremlin will use it prudently.
More caviar, anyone?