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Strategies & Market Trends : India Coffee House -- Ignore unavailable to you. Want to Upgrade?

To: ratan lal who wrote (7084)	9/22/1999 8:39:00 PM
From: Mohan Marette	Read Replies (1) \| Respond to of 12475

"I think India has done pretty well",Mr James Wolfensohn (President,World Bank) Ratan: Here are some interesting comments from the World Bank Chief. ============================ World Bank chief lauds India's achievements N C Menon (Washington, September 22) World Bank president James D. Wolfensohn yesterday kicked off the 54th World Bank/IMF annual meeting with a handsome tribute to the policies and achievements of India, coupled with words of caution about a slowdown in poverty reduction and the dire potential of the AIDS epidemic. "I think India has done pretty well," Mr Wolfensohn said in response to a question. "I think India has pursued its own programmes and its economy has grown remarkably well during the last decade." Mr Wolfensohn pointed out, however, that India had some problems on the front of poverty reduction. He was also concerned about the potential problem of an AIDS epidemic. The World Bank president said he had a lot of confidence in the government and he was watching to see what would happen in the elections. "I do not want to suggest anything very radical to the government," Mr Wolfensohn commented. "I think the Indian government will decide to do what it wants to do. It has been my experience in the past that India?s government establishes its own programmes, and consults with us."........... Mr Wolfensohn reminded his audience that three years ago, there had been talk of the cancer of corruption, but most people believed that nothing could be done about it. That had now changed and the issue was now front and centre, and there was confidence that something could be done. "I do not expect we will wipe away corruption overnight," Mr Wolfensohn said. "It will take years." But the effort was now internally driven. Mr Wolfensohn pointed out that there was corruption once in the U.S. and a few other countries. "We have to be pretty careful about criticism," he said,......... hindustantimes.com