The new corruption drive is all well and fine but we have to deal with the supply side. Where the bank can really deliver is by naming and shaming big companies that pay bribes.
More Quotes from Max Lawson:
It seems unbelievable that the IMF is now boldly undoing the debt dealagreed at its own annual meetings in September.Max Lawson
We're keeping up the pressure on the Bank, Fund and rich country donors. The story of 2005 was promises from rich countries to increase their aid. The story of 2006 is whether these promises will result in real money to fight poverty and not aid increases based on clever accounting, politics and naked self interest.
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The stage is now set for the World Bank shareholders to fulfill their part of the bargain tomorrow.
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By their next meeting, we want to see real change -- not just pocket change -- for the 100 million poor children out of school.
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It's good that the IMF realized that they couldn't wriggle out of promised debt cancellation. The IMF must now deliver the funding quickly and without any further delay.
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