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Pakistan News And Discussion-9
#74
Nareshji,
Moody’s rating I think based on political give 'n' take. Not sure what is that deal.
Short cut may have manipulated data but don't forget who is heading World Bank, Yes, Paul Wolfowitz. His influence and state dept. may be factor.

Regarding Earth Quake, those who are dead can't claim and now jernails can fill pocket. Main problem is dam. That will damn lot of jarnails. <!--QuoteBegin-->QUOTE<!--QuoteEBegin-->link
Paul Wolfowitz, the new head of the World Bank, has made good governance and the fight against corruption central themes of his presidency. He has suspended projects in several countries over corruption concerns in recent months, and the World Bank member governments agreed on a framework to combat corruption in Singapore. Yet it is not likely that the President's crusade against corruption will have any consequences for Pakistan, a frontline state in the Bush administration's war on terror. In spite of widespread repression and corruption, the World Bank announced in summer 2005 that it plans to increase its lending for the country's water sector tenfold between 2006 and 2010. If the Bank gets its way, this support will include $300 million for a mega-dam project like Kalabagh.

The annual meeting in Singapore was far removed from the ground realities in countries like Pakistan. "Throughout the world, there is a growing recognition that the path to prosperity must be built on a solid foundation of good governance," Wolfowitz told the government delegates.

Just as the Muzak in Singapore's shopping malls drowned out the original tunes, the struggles of small farmers and journalists in countries like Pakistan disappeared in the rhetoric of the annual meeting. As the World Bank prepares increased support for projects like the Kalabagh Dam, civil society activists will need to work hard for the drumbeat of ground realities to be heard through the development Muzak emanating from Singapore and Washington.
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Pakistan News And Discussion-9 - by Guest - 11-09-2006, 11:15 AM
Pakistan News And Discussion-9 - by Guest - 11-09-2006, 11:21 AM
Pakistan News And Discussion-9 - by Bharatvarsh - 11-10-2006, 03:02 AM
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Pakistan News And Discussion-9 - by Guest - 11-22-2006, 05:59 PM

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