In the war on terrorism, President George W. Bush prefers alliances but is willing to act alone.

As the role of the World Bank diminishes, capital fromprivate lendersto developing nations has increased by three hundred times.

Testimony by Allan H. Meltzer before the Senate Committee on Foreign Relations on September 12, 2002.

Needy countries carry official debt, and theyhave nothing but a 25% decline in their standard of living; a major change in the way aid is delivered and administered is needed.

Robert Zoellickcan succeed at the World Bank if he first listens to his new colleagues. Butwhether the Bank willundergo the changesit so badly needs is uncertain.

The World Bank should provide the poorest countries with performance-based grants rather than loans, which are seldom repaid.

Why all countries will come together more and more to hold the World Bank accountable for its questionable practices.

New leadership at the IMF and the end of James Wolfensohn"s term at the World Bank in 2005 provide an opportunity for new approaches and much needed reform.