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Arabica Robusta

Colin Bruce named to #2 post in World Bank's Africa department | Bank Information Cente... - 0 views

  • Bruce came under fire from critics of the Kenyan government during his tenure for presiding over a nearly twofold increase in Bank disbursements to the country despite what the FT termed "persistent evidence of high-level graft." In March 2008, the Wall Street Journal (WSJ) made available on its website a leaked report by the World Bank's Department of Institutional Integrity (INT) on evidence of corruption in Bank-funded projects in Kenya.
Arabica Robusta

Food riots hit West and Central Africa | Bank Information Center: Monitoring the projec... - 0 views

  • Strauss-Kahn has been criticized for publicly supporting President Bush’s stimulus measures to address potential recession in the U.S. – the opposite of the painful austerity measures the IMF applied during the East Asian financial crisis of 1997-98. But while he has been quick to register the IMF’s concern about a potential food price crisis in Africa, it appears that in this case the IMF will not diverge so radically from past practice: new loans, seldom the best remedy for countries facing humanitarian crises, are the best he has to offer.
    • Arabica Robusta
       
      When will it be surprising again when the IMF/World Bank policy branches prescribe government intervention in more-industrialized countries, and government removal in less-industrialized countries?
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    Strauss-Kahn has been criticized for publicly supporting President Bush's stimulus measures to address potential recession in the U.S. - the opposite of the painful austerity measures the IMF applied during the East Asian financial crisis of 1997-98. But while he has been quick to register the IMF's concern about a potential food price crisis in Africa, it appears that in this case the IMF will not diverge so radically from past practice: new loans, seldom the best remedy for countries facing humanitarian crises, are the best he has to offer.
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