World Bank at annual meetings
At the boards of governors of the World Bank and the IMF meet between October 20th and 22nd in Washington to discuss the work of both institutions, it is a good time to reflect on the evolution of the World Bank Group.
Ray Suarez, from the Public Radio International, looks at the lessons learned from the past 60 years and the bank's work today. The 50-minute program features Francois Bourguignon, the bank's chief economist, and William Easterly, its chief critic. And speaking of the direction for the future, don't miss the article describing Robert Zoellick's efforts to extend financial risk management services to poor countries.
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The extension of risk management services will be of great help to the African countries-Kenya included- because much missmanagement of funds has been due to non recognition of the type of risk involved.Credit risk, being the widest(encompasing both market risk & exposure) is particulary neglected & credit being the order of the day,it would be of paramount importance to offer risk management advice with a biasness on credit risk to all the industrial sectors & create an awareness of the same.
Posted by: wanjue | Oct 22, 2007 10:29:24 AM