Bankwatch Mail 42
Publisher: CEE Bankwatch Network
Volume: 5 pages, pdf
Description:
The launch last month of the World Bank’s new Country Partnership Strategy (CPS) with Georgia, set to guide USD 740-900 million of World Bank lending in the coming four years, provokes memories of previous excessively favourable Bank assessments of the country’s development, assessments that to some observers recall the inglorious self-deceptions of Voltaire’s Dr Pangloss. And with the promise of much more focus on “renewables” investments, there is equally the suspicion that, as far as the Georgian energy sector is concerned, the surface level view from Washington DC chimes with the Panglossian “everything is for the best in the best of all possible worlds”.