WB calls for global partnership.

Position:Business Briefs - World Bank - Brief Article

Much has been learned about ways to improve aid effectiveness, including the lesson that aid should encourage developing countries to design their own strategies for reducing poverty, says World Bank President James Wolfensohn. He told a Monterrey, Mexico, conference on financing for development that he sees a growing consensus on what needs to be done to reduce poverty globally.

Wolfensohn welcomed recent pledges of additional aid from the US and the European Union, and called on rich countries to "build the pressure" for...

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