WB reacts to report; picks new chief economist

Michael Pollak mpollak at panix.com
Fri Mar 10 09:30:57 PST 2000



> [from the World Bank's daily clipping service]


> The tenor of the report, which recommends sliming down the IMF

Amusing typo.


> to focus on lending to pre-qualifying countries during financial
> crises

I keep meaning to ask -- what exactly are these pre-conditions? In Wednesday's FT, Stephen Fidler reports (p.7) "These preconditions, mainly financial, could include freedom of entry and operations for foreign financial institutions." Does that imply completely forswearing any attempt to slow down hot money flows? It sounds like a lender of last reserve self-employment act.

Michael

__________________________________________________________________________ Michael Pollak................New York City..............mpollak at panix.com



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