A report from the Bank's evaluation department assessing its contribution to growth and poverty reduction has provoked renewed debates over what development means and what the Bank's role in it should be. As Paul Wolfowitz begins his presidency, a dividing line is being drawn between advocates of economic growth driven by big infrastructure and those defending re-distribution through the provision of social services.
G8 cancellation of World Bank, IMF debt: "step forward"
13 June 2005
Finance ministers of the world's richest countries agreed to write off $40 to $55 billion of debts owed to the World Bank, IMF and African Development Bank. Statements on aid effectiveness and trade in the final communiqu