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Vol 47 No 2

Published 20th January 2006


Changing regimes

The World Bank is insisting that borrowers keep their promises on transparency

The governments of Congo-Brazzaville and Chad are at odds with the International Monetary Fund, headed by Rodrigo de Rato y Figaredo, and the World Bank under its new chief, Paul Wolfowitz. The Bank, which has got tougher since Wolfowitz took over from James Wolfensohn as its President in mid-2005, insists that if governments borrow money, they do so on the agreed terms. By the end of March, when the IMF and Bank boards meet to consider Congo's inclusion in the Heavily Indebted Poor Countries (HIPC) debt-relief programme, President Denis Sassou-Nguesso's regime must comply with stiff conditions on accountability and transparency.

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