Compared to that, a payday loan is cheap. Yeah being in that situation is shitty in the extreme, and no none of your options are good, so you are trading very bad for worse.
Both critics and advocates of the World Bank claim that it's just one component of a larger international order. If that order is manufacturing the need for WB/payday loans then the WB/payday loaners could be worthy of modest praise but also extreme condemnation.
IMO the debate over the relative merits of WB/IMF is really inseparable from a larger debate about the post-WWII western political/financial system. And, unsurprisingly, I imagine ground truth isn't easily compressible into any one coherent narrative -- especially an ideological one.
I just get tired of people constantly harping on payday loans without considering the alternatives available. Also I was kinda shocked how much an effect it had when a collegue got his power turned of (he forgot the pay his bills).