Learning English - Words in the News
15 September, 2006 - Published 15:11 GMT
UK withholds World Bank donation
The British government is ready to withhold money it promised to the World Bank. It wants the bank to have fewer rules attached to the loans it gives to developing countries. This report from our Economics Correspondent Andrew Walker in Singapore:
Paul Wolfowitz denied any suggestion that there was a row with Britain. But it can't have been welcome to hear that British International Development Minster Hilary Benn had said that he was prepared to withhold a contribution of ninety million dollars - fifty million pounds - to the arm of the Bank that helps the poorest countries.
Mr Benn said he wanted to see evidence of progress in reducing the economic policy conditions that borrowing countries have to meet, something the Bank agreed to do last year. Mr Wolfowitz said he expects the British government will be persuaded to release the money when it sees a review of progress in the next few months.
Mr Wolfowitz did however say that he agreed with Mr Benn that the Bank had in the past been too full of prescriptions for what countries ought to do and too inclined to force them to do them. He said that if countries feel that policies are not really their own, they are bound not to succeed.
Andrew Walker, BBC, Singapore
to withhold a contribution
the arm of the Bank
evidence of progress
economic policy conditions
persuaded to release the money
too full of prescriptions
too inclined to
are bound not to succeed