How to Kill World Bank

(December 9, 1994) When the World Bank celebrated its golden anniversary in Madrid in early October, it promised a new and revitalized "vision" to alleviate Third World poverty. But the bank’s critics-from left-wing development agencies and radical environmentalists to right-wing think tanks-don’t trust that vision.

Overview of regional plans

(December 1, 1994) The 4200-kilometer Mekong is the tenth largest river in the world, carrying 475,000 million cubic meters of water to the sea annually. The river flows from the Tibetan Himalayas southward through China and passes north of Burma, its watershed encompassing nearly all of Laos, northeast Thailand, most of Cambodia, and the delta of south Vietnam.

The World Bank’s Finances: An International S&L Crisis

(October 3, 1994) The World Bank, which is celebrating its 50th anniversary this year, has long enjoyed a sound financial reputation. But its AAA credit rating is not justified. Because of the perverse incentives under which the World Bank operates, the quality of its loan portfolio has diminished significantly, and because the bank is backed by rich-country governments, its irresponsible lending exposes Western taxpayers to a possible World Bank bailout on a scale comparable to the U.S. savings-and-loan bailout. That would leave taxpayers in the industrialized countries on the hook for $100 billion; U.S. citizens would be liable for nearly $30 billion.