In his 18 months running the World Bank, James Wolfensohn has earned a reputation as something of a straight talker. Feeling the heat is Chilean electric utility Endesa. Wolfensohn has accused it of failing to fulfil environmental obligations that were part of an IFC loan for a hydroelectric plant on the Bio Bio river, 400 kilometres south of Santiago.
Wolfensohn wrote to Chilean finance minister Eduardo Aninat in early February. He starts in a relaxed tone, heading the letter My Dear Eduardo, and apologizing for having to try and reach him during his vacation.
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