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Lunch out on the World Bank

I got to go out to eat today. The tab was picked up by the World Bank. 😉 Here is yet another excellent example of how they are ending poverty. I went to this very nice place in the heart of DC. I hear that the Sea Food is amazing there, but I am still in the Midwest mode where we don’t exactly trust sea food (saying how I was raised in landlocked Kansas where we’re miles away from the nearest ocean.). I ended up getting a nice steak and let me tell you, it hit the spot. The two guys from Mauritania are leaving tomorrow, which will be sad because I am really starting to enjoy their company. As I’ve said before, they aren’t very proficient in English, so communication is difficult, but we actually have a couple of simple running jokes that they seem to get much joy from. I was asking them what some of their favorite foods were at home, in Mauritania, and the small guy said CAMEL! I wasn’t sure if I had heard him correctly, so I pretended to spit on the floor with a big spitting sound. They both laughed very hard and said that a Camel is a very fine meal! I told them that the next time I am in Mauritania I’ll try Camel, but saying how I don’t think I will go to a HIPC (bank lingo for a Heavily Indebted Poor Country) anytime soon, I don’t think it will be a problem. What is actually pretty neat is that the World Bank and IMF relieved Mauritania of 1.1 Billion dollars of debt today. That’s a lot of money for the bank to just let slide. This will reduce the percentage of their national budget that is towards debt reduction down to 11% from 35%. I hope that they do something right with the new cash that they can now spend.

Kendall Schoenrock’s business background includes experience in tech startups, real estate development, and angel investing. Currently he runs Schoenrock Investments, a family real estate investing office that is an umbrella to multiple other entities focused on residential, commercial, and entrepreneurial endeavors.

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