Abstract

Conservation Woes at the World Bank
Rich, B. | January 23, 1989 issue

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The World Bank had a tough year in 1988. The globe's largest development bureaucracy is still recovering from a demoralizing reorganization that involved the sacking of 300 of its approximately 6,000 staff members. Congress approved the U.S. share of a requested $75 billion capital increase only reluctantly. The bank was lambasted on Capitol Hill and in the financial press for its inaction in addressing the Third World debt crisis. In only one area, the environment, did the bank try to take decisive action to stem a rising torrent of criticism.

See Also:

WORLD Bank Group; BANKS & banking, International; INTERORGANIZATIONAL relations; PUBLIC administration; CAPITAL; UNITED States
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