Wednesday, November 26, 2008

is it Corbyn or Corbin

Eurodad reports: Responding, several MPs stressed that World Bank staff consultation of parliamentarians was the exception rather than the rule. Robert Corbyn, an MP from Guyana asked whether the Bank will review the conditionalities on its loans to developing countries. He pointed out that the Bank had in the past persuaded countries to adopt measures “that are now prohibited” in the advanced economies. Zoellick responded with the World Bank’s general line on the conditionality issue, emphasising that condition numbers are down and that conditions are often requested by the government to boost reform. This was perhaps not a sensible message to an audience of MPs, who often feel that the executive and the World Bank gang up to frustrate a proper law-making process.

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