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IMF/World Bank: Jack Of All Trades, Master Of None - After A Wave Of Criticism Over World Bank Chief James Wolfensohn's Goals, The Demand Is For A More Focused And Efficient Institution.

Europe Intelligence Wire

| October 01, 2002 | COPYRIGHT 2002 Financial Times Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan.  All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)Copyright

(From The Banker)

Show us the results and we'll show you the money. That is the nub of the message to be delivered to the World Bank management by leading shareholders, including the US and Japan, at this year's annual meeting in Washington. Bank governors are also likely to press president James Wolfensohn to focus more closely on fewer, well-defined goals instead of stretching the Bank's staffing and financial resources too thinly over a multitude of objectives.

Since he became president in 1995, Mr Wolfensohn has claimed that poverty reduction is the Bank's overriding objective. But that has not prevented the institution from spreading its net ever ...

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