World Bank questions US plan for the poor

ITALY - On the eve of the G8 summit of world leaders in Genoa, a potentially embarrassing row has broken out between President Bush and other world leaders over how to best help the poor.

The World Bank is also raising questions on Mr Bush's plan to convert its lending from loans to grants.

Mr Bush argues that such a move would eliminate the debt burden for poor countries, since they would not have to pay the money back.

But critics of the proposal say it could lead to radical cuts in the amount of

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact [email protected] or view our subscription options here:

You are currently unable to copy this content. Please contact [email protected] to find out more.

To continue reading...

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here: