Rethinking Bretton Woods | Mon, Mar 26, 2007
World Bank to bypass restrictions in lending for infrastructure to Sub-National entities
By Aldo Caliari and Paul Martin
A World Bank report titled "Sub-National Development Program. A proposed World Bank Group initiative to scale up and mainstream technical assistance and financial support to sub-national entities" raises concerns about its potential to encourage further privatization and high levels of indebtedness by sub-national entities.