BARBER SET TO CHANGE STYLE
It is ironic that the chosen apostle of the Reagan Administration’s sudden conversion to the cause of multilateralism in dealing with the debt crisis is almost unknown outside the US. Barber Conable has been called to the presidency of the World Bank and the feeling is that during his tenure there could be widespread changes in its philosophy and its day-to-day running.
“His appointment was a shock to everyone including himself,’ said Dr Thomas Johnson, director of economic policy studies at the American Enterprise Institute and a long-time friend.
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