Big loans, big debts

Article Abstract:

The World Bank's newly appointed President Robert S. McNamara in 1968 declared that relieving human suffering should be the main goal of anti-poverty agencies and during his 13-year tenure, bank lending rose from $1 billion to $13 billion a year. But the activist soon began calling for debt cancellation and eventually so did aid bureaucrats, stumped by how to make new loans to countries whose obligations on older loans were piling up.

Public Finance Activities, National Government Liabilities & Debt, International aspects, Poverty, National debt, Public debts

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Free Trade Pact in Americas Faces Trouble

Article Abstract:

George W. Bush's proposed Central American Free Trade Agreement is facing opposition from many fronts. Democrats have concerns about the loss of jobs, and politicians in the Latin American countries are worried about the protection of their workers.

International economic relations, Central America, Interpretation and construction, Political aspects, Bush, George W., United States foreign relations, Commercial treaties, Trade agreements, Trade policy

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For McNamara and Wolfowitz, a War and Then the World Bank

Article Abstract:

Former World Bank president Robert McNamara discusses Paul D. Wolfowitz's potential appointment at the World Bank.

Labor force information, Personnel administration, Human resource management, Appointments, resignations and dismissals, Employment, Company personnel management, Wolfowitz, Paul D.

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