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Tuesday, February 21, 2006

Wolfowitz Making Waves at World Bank

Sounds like new World Bank President Paul Wolfowitz has taken a few basic steps to stem some of the corruptive practices. Something long overdue.

I've never been a big fan of the IMF or World Bank for the simple reason that I don't trust the money is being spent wisely. I also believe that the giving of excessive aid can create a vicious circle of dependence, but that's a topic for another day. At least if Wolfowitz is cleaning up some of the corruption (never assume he can stop all of it), that'll give more people confidence that our money is being used in a useful way.