O'Neill: "WB has driven poor countries into a ditch"

[Peter K.]

>"President Bush has suggested that 50 per cent of the bank's
annual outlays
>in soft loans for the poorest countries should be given as
grants. Bank
>president James Wolfensohn has said this will bankrupt IDA in
the long run
>and strip the bank of its AAA rating in the bond markets," he
said.

Are the Bushies this devious? What does Bono say?
(This paragraph reads weird.)