On Current Path, IFC Is Set to Become Bigger than the World Bank in Five Years
This blog entry also appeared on the Huffington Post.
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This blog entry also appeared on the Huffington Post.
The Spanish press reports that Spain's prime minister, Jose Luis Rodriguez Zapatero, has been officially invited to the G-20 summit in London in April as well as the preparatory meeting in Berlin. Spain was invited by UK Prime Minister Gordon Brown and German Chancellor Angela Merkel (El Mundo (Spain)/Factiva). The Spanish government has campaigned vigorously to be included in the G-20, despite the fact the European Union is already represented.
This is joint posting with Owen McCarthy
As word leaks out that the World Bank effectively funded the demolition of homes of the very poor residents of a small village, Jale, in Albania, and then refused to speak about it for more than a year, one can only hope that the Bank will spend as much time thinking through what went wrong as it will doing damage control. The Project Appraisal Document (otherwise known as the PAD) for the Albania Integrated Coastal Zone Management and Clean-Up Project stated that the Albanian government and the Bank had reached an agreement that no demolitions would take place until "procedures and criteria" were in place to assist affected citizens; in fact no such agreement existed. The Bank's Board approved the project.
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