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(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 ...