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It suspended loans to Chad after the government reneged on an agreement designed to minimise the filching of oil revenues.
There was so much bad press about the deal that last year, under pressure from NGOs, the World Bank suspended loans to Cambodia.
He has suspended loans to developing countries that he regards as corrupt among them Chad, Kenya, and Bangladesh while expanding the bank's activities in places where the United States and its allies have intervened militarily, including Lebanon and Iraq.
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(Abacus maintains that this drop-off was a result of the investigation, during which it suspended loan activity).
The first President Bush suspended loan guarantees to Israel to force it to halt settlement activity on the West Bank, bringing a storm of obloquy upon him from Israel's American supporters.
As the company took its first steps in restructuring, two other lenders — Aegis Mortgage and the mortgage unit of National City — said yesterday that they had stopped taking or had suspended loan originations.
The SEC suspended loan activities one of Lending Club's main competitors, Prosper, at the end of last year, citing obvious reasons that these companies should be regulated by the SEC as a securities seller.
The U.S. Treasury this year suspended loan modification incentive payments to the bank because it was "seriously deficient" in responding to requests for modifications.
Last Friday, the European Central Bank said it was suspending loans to Greek banks.
"Suspending loans on problem projects by itself doesn't deliver effective results for the poor," he said.
He recommends that America suspend loans and aid to Ukraine, lest they be used to pay the country's debts to Russia.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com