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Monday, October 26, 2009

NEWS



Outside Review Supports Bank Group Reform



A recently completed external review of the Bank Group’s
governance, headed by former Mexican President Ernesto Zedillo,
provides a series of recommendations supporting further
governance reforms, commends the Bank for expanding initiatives
during the financial crisis, and supports strengthening the
Bank’s financial capacity. “I firmly believe that we can
strengthen the good work of the World Bank Group by continuing
to reform and improve. The 21st Century World Bank must be
agile, inclusive, effective, innovative, accountable, and
financially sound,” said Bank Group President Robert B.
Zoellick. Read more…
("http://go.worldbank.org/3CVJ5GWLO0?cid=ISG_E_WBWeeklyUpdate_NL")

News

Rapid Urbanization Pushing Local Government Budgets to the Limit in India

(22 October 2009) - Rapid urbanization is placing significant stress on the budgets of India's local governments and more must be done to improve their financial status to enable them to fund infrastructure projects and delivery of essential services.

Read the full story:
http://www.adb.org/article.asp?id=13045