Transcript: WORLD BANK PERFORMANCE RAISES CONCERNS -- JEC HEARING TO EXAMINE IMF AND WORLD BANK PERFORMANCE --

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For Immediate Release March 5, 2002 WORLD BANK PERFORMANCE RAISES CONCERNS -- JEC Hearing to Examine IMF and World Bank Performance -- WASHINGTON, D.C. - An independent review of World Bank performance is urgently needed, according to a new analysis released today by Chairman Jim Saxton of the Joint Economic Committee (JEC). According to the new report, the World Bank`s own evaluation of its improving performance lacks credibility, noting ``when the auditors are captive, when the timing of judgment is premature, when the criteria are faulty and when the numbers are selectively chosen - then the conclusions are worthless.`` In recent years questions about the ...

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