13 July 2007
Faced with a changing global economy, the Inter-American Development Bank is expanding its services. The plan mirrors similar efforts by the World Bank and IMF to remain relevant as demand for traditional loans dwindles.
Realignment within the institution has been criticized by staff as lacking participation and transparency.
As reported in the Wall Street Journal, BIC's Latin America Program Manager Vince McElhinny fears environmental safeguards will be overlooked with the swift change.
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