Category: Beijing Water

World Bank chief to exit with a mixed legacy

(January 4, 2005) World Bank President James Wolfensohn says he will not seek a third term at the helm of one of the world’s most important financial institutions, as Bank watchers say he is leaving a mixed legacy marred by a series of failures and disappointments for the world’s fight against poverty.

Odious Debt

(August 13, 2002) This paper examines the case for eliminating illegitimate or odious debt. The argument is that the population of a country is not responsible for loans taken out by an illegitimate government that did not have the right to borrow ‘in its name.’