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�Ự��The World Bank Under Fire
A1��Today, the World Bank is under fire. Do you think the criticism is reasonable?
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B1��Well, much of what they say is true. If I may, I'd like to start with a brief overview of the World Bank and how it works.
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A2��Of course, I think that would be very helpful for us to understand it.
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B2��Now, the World Bank is sort of like joining a club, but instead of paying an initiation fee, instead of paying money to join the club, the club lends you money, although the money is supposed to be paid back with interest, as with any bank loan.
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A3��Yes. But isn't it true that many countries have been defaulting on the loans?
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B3��Yes, that has been an issue in the past, but we have started a program to restructure the loans, which will alleviate that problem.
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A4��The member nations get voting rights based on the amount of money they contribute to the Bank. Doesn't that mean that the wealthier nations have the greatest influence on how and to whom the money will be given-that is, which projects will be financed?
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B4��Ideally, of course, the loans are made to countries on the basis of economic need alone. But, we all know that it is difficult to separate economic goals and political interests in today's world. We hope that the World Bank will be a model of international cooperation free from political self-interests.
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A5��Yes, that is a wonderful idea. But whether the World Bank can ever fulfill this promise remains to be seen. Thank you for being with me today.
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B5��My pleasure.
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