ADVISORY/Report Calls for Overhaul of World Bank and I.M.F.Business Editors ADVISORY... --(BUSINESS WIRE)--March 8, 2000 TOPIC: A Congressional commission is today expected to recommend that the International Monetary Fund and the World Bank be radically transformed, according to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. The New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of Times. The commission will reportedly recommend that the two major global lending institutions undergo significant downsizing (1) Converting mainframe and mini-based systems to client/server LANs. (2) To reduce equipment and associated costs by switching to a less-expensive system. (jargon) downsizing and restructuring because they have been harmful, rather than beneficial, to developing countries. The commission will also claim that the World Bank and the I.M.F. waste funding by providing loans to countries that could obtain private capital, and that the two institutions overstep their bounds by interfering in foreign policy. Critics of the committee say the report is purely political, and also say the recommendations are impractical and flawed. EXPERTS: ExpertSource can offer several highly qualified experts to comment on this story: Dr. Valdas Samonis of the University of Toronto Research at the University of Toronto has been responsible for the world's first electronic heart pacemaker, artificial larynx, single-lung transplant, nerve transplant, artificial pancreas, chemical laser, G-suit, the first practical electron microscope, the first cloning of T-cells, is an expert on strategies for emerging markets, finance in transition economies, and monetary and fiscal policies during transition. 416-978-2304, 978-3330 Dr. Nariman Behravesh Nariman Behravesh is a well known economist, with Iranian and British heritage, who has appeared frequently on TV on NBC, CNN, Bloomberg TV and quoted by the Wall Street Journal. is chief international economist at Standard & Poor's DRI See Digital Research. . Behravesh is an expert on the global economy, international trade and global markets. 781-860-6483 rlorant@hubbellgroup.com Dr. Marcus Noland of the Institute for International Economics is an expert on international finance, foreign investment and the World Bank. 202-328-9000 Josephine Jimenez is senior portfolio manager at Montgomery Asset Management. Her investment expertise is in emerging markets and in countries with developing economies. 415-248-6172 pgreenley@montgomeryasset.com Professor Heidi Vernon-Wortzel of Northeastern University Northeastern University, at Boston, Mass.; coeducational; founded 1898 as a program within the Boston YMCA, inc. 1916, university status 1922, fully independent of the YMCA 1948. is an expert on business in developing countries and has been a consultant to the World Bank. 617-373-4756 617-373-2000 Professor Michael Melvin of Arizona State University Arizona State University, at Tempe; coeducational; opened 1886 as a normal school, became 1925 Tempe State Teachers College, renamed 1945 Arizona State College at Tempe. Its present name was adopted in 1958. is an expert on international finance and monetary theory. 480-965 6860 480-965-9011 ExpertSource cannot guarantee the immediate availability of these experts or their familiarity with this specific issue. ExpertSource, a collaboration of Business Wire and The Round Table Group, provides academic and industry experts to the media at no charge. Journalists are encouraged to submit queries to ExpertSource when seeking experts on specific subjects. An online registration form is available at http://www.businesswire.com/expertsource. Business Wire's Media Resource Center provides working journalists many free media services. Please visit the BW Media Resource Center at (www.businesswire.com/media) for more information. |
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