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Submitted by _lpinto on June 22, 2005 - 14:08.

Wolfowitz, Ending African Tour, Calls for Changes

Unsurprising conclusions made by Paul Wolfowitz, President of the World Bank: the Bank needs to make changes in its bureaucratic structure, and government corruption doesn’t help in resolving the problem of poverty.  Indeed, back in 2002 President Bush proposed the creation of “Millennium Challenge Accounts” to address the problem of giving aid to corrupt governments, the idea being that poor nations pursuing democratic growth and “sound economic and social welfare” policies would receive more aid from the U.S. to encourage these developments. 


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