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Submitted by Jag on
Great that multi laterals are now trying to acknowledge their failed projects and project ideas. Do you think the next logical step for them would be to: A) Write off the loans funding failed projects and forego repayment of the project loans? B) Publicly acknowledge the fact that most of their policy prescriptions never delivered and that the policy based loans did not sustain growth or reforms? Both gestures would bolster credibility and convince us that this new found candor was something more than a one time PR exercise.