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After a bitter fight between the World Bank's board of directors and Bank President Paul Wolfowitz, Congo-Brazzaville was allowed to reach decision point in the HIPC program on March 9. The deal was almost held up after reports that Congo’s President Denis Sassou-Ngueso spent $300k at a New York hotel, but this scandal wasn’t enough to convince debt relief diehards that Congo wasn’t perhaps the most worthy recipient.
Jeffrey Sachs, director of the Earth Institute of Columbia University, spoke yesterday at CGD (video clip available) to describe his Millennium Villages Project. Sachs’s argument is generally that countries like India developed not by ineffectual, small amounts of foreign aid – as he argues the US delivers today – but by creating a Green Revolution. Communities learned to work together, and with fertilizers donated in part by the United States, they became able to feed themselves and eventually to begin developing.