G-7 Nations Said to Oppose New World Bank Russia Projects (Bloomberg Businessweek)

From the article:

The World Bank will have trouble getting approval for projects in the face of opposition from the G-7, which has more than 40 percent of votes on the bank’s board, said Scott Morris, a former deputy assistant secretary for development finance and debt at the U.S. Treasury Department.

“It will be very difficult for management to contemplate proceeding with anything that requires board approval,” said Morris, a senior associate at the Center for Global Development, an aid research group in Washington.

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