Professor Bradlow detailed how state loans work, why and how countries obtain loans, and also highlighted the difference between the World Bank and the International Monetary Fund (IMF).

Responding to a question by Clement on countries response to the terms on conditions imposed by the international financial insitutions when granting loans to states, Professor Bradlow stated: 

"The problem in many countries is that often they assume they have to accept what the IMF says and that it is not a negotiation. I think part of what our country and many African countires have to do is to say we need to negotiate what the terms should be [for loans] and make them share the burden more evenly. Many countries try, and [at] a negotiation you don't always win, but at least there should be a fairer outcome." 

You can listen to the full discussion here.