Financial Times FT.com

Loans success exaggerated at World Bank

By Chris Giles in London

Published: September 27 2008 03:31 | Last updated: September 27 2008 03:31

The management of the World Bank tended last year to inflate the reported success of its lending to the poorest countries while the organisation was consumed by wrangles over the leadership of Paul Wolfowitz, its president until June 2007.

The Bank also struggles to address the big global issues of climate change and communicable diseases when these conflict with the interests of individual poor countries, according to the annual assessment by the Bank’s watchdog.

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