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Former Mozambique President Joaquim Chissano Wins the $5 Million-Plus Mo Ibrahim Prize Partly for NOT Seeking a Third Term

In London today, Kofi Annan announced Joaquim Chissano, the former president of Mozambique, as the first winner of the largest award in the world--the Mo Ibrahim Prize for Achievement in African Leadership. The award consists of $5 million over 10 years and US$200,000 annually for life, as well as up to $200,000 a year for 10 years "towards the winner's public interest activities and good causes". President Chissano was praised for putting his country on a path towards peace and democracy and for a variety of economic reforms.

More Reasons That Congress Should Reform US Food Aid

This year's decline in food aid [due to high food prices] follows a period when the sharply escalating costs of shipping American-grown food aid to Africa and Asia already reduced the tonnage supplied. The United States Government Accountability Office reported this year that the number of people being fed by American food aid had declined to 70 million in 2006 from 105 million in 2002, mainly because of rising transportation and logistical costs.


Washington Post Editorial Gets it Wrong on the Volcker Report on Corruption and the World Bank; Financial Times Does Better

A Washington Post editorial today ( A Fight Over Corruption ) says that the new report by former Federal Reserve chairman Paul Volcker on the effectiveness of the World Bank's anti-corruption department, (the Institutional Integrity Department or INT)) "reserved its toughest language for the bank bureaucracy itself." The editorial then quotes from the report:

Poverty Matters Most: A Comment on the Volcker Report

Today the Volcker Commission released a report with a set of recommendations about how the World Bank can strengthen its anti-corruption procedures by reforming its Department of Institutional Integrity. This is an important and timely conversation and the report will no doubt receive a high level of attention. But it is equally important that the Bank does not put corruption ahead of its central task—the alleviation of poverty.

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