Endy M. Bayuni and Prodita Sabarini

Jakarta (The Jakarta Post) - It's full steam ahead for World Bank infrastructure lending thanks to the insistence of its new president, Paul Wolfowitz, who feels that the bank needs to be part and parcel of poverty eradication programs in developing countries.

But this time around, the bank is involving civil society organizations in these projects as a means of ensuring their efficiency, and preventing the corruption and environmental degradation that has beset many of its projects in the past.

In a paper distributed during a discussion Monday, the World Bank said its infrastructure lending could reach $10 billion a year within the next two years, up from $7.4 billion in 2005...

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Posted by rjorr at May 31, 2006 7:01 PM