Is Lord Jim That Bad?

Newsweek, January, 2002 by Rich Thomas

Boom! boom! that's the sound of World Bank president James Wolfensohn under bombardment from all sides. With reconstruction just getting underway in Afghanistan, nearly every development expert in the world is questioning whether Wolfensohn's bank can lead. Worse, the heaviest salvos come from within the bank itself. They attacked Wolfensohn--mostly anonymously--in a major fall article in Foreign Policy*. An important former World Bank official expanded the assault in Foreign Affairs# this month. The gist is that Wolfensohn has gone soft, abandoning the bank's most concrete success--loans for specific projects like dams and roads--in favor of feel-good anti-corruption campaigns, free-speech initiatives, legal and accounting reforms, environmental cleanup, education and AIDS...

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