| Headline: Could the Bank do its work better? Source: Euromoney Date: September 2001 Author: James Smalhout Under James Wolfensohn the World Bank has beaten off influential enemies through polished public relations, but there are still widespread doubts about the effectiveness of Bank policies. Projects continue to fail and adjustment lending has in many cases been granted without proper safeguards. Bank insiders claim that programmes are increasingly effective but critics point to the weakness of Bank models for measuring success.
O’Neill, after all, spent 23 years coming out on top in the dog-eat-dog world of American business: first as vice-president and president of International Paper, and then as chairman of Alcoa. And already he has added a feather to his cap since arriving in Washington by spearheading the president’s push to move a tax cut through Congress. The result: new legislation signed into law months ahead of schedule. | |||||||||||||||||||||||||||||||||||||||||