Wolfensohn's Warnings

Outgoing World Bank President says foreign aid must double in order to lift millions from poverty

Published March 30, 2005

The failure of powerful leaders to capture "the hearts and minds" of their citizens is having devastating consequences for the world's poorest people, warns outgoing World Bank President James Wolfensohn.

Poverty is on the rise in Africa and elsewhere despite a pledge by rich nations five years ago to start spreading the wealth. A doubling in foreign aid could reverse the discouraging trend and lift...

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