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(单词翻译:双击或拖选)
By Daniel Schearf
Singapore
18 September 2006
The World Bank and the International Monetary1 Fund open their annual meetings in Singapore Tuesday. At the top of the agenda for two days of talks among the world's finance ministers are debt relief and corruption2 in the aid process.
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Finance officials attending preliminary meetings Monday backed a World Bank plan to tackle corruption. But they decided3 that any moves to withhold4 aid because of corruption in the recipient5 nation would require oversight6 of the bank's executive board, in order to ensure that such decisions are broadly based.
Paul Wolfowitz |
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Wolfowitz said Monday the bank's moves to crack down on corruption in countries receiving World Bank aid was necessary for poverty reduction.
"It's about making certain that the money goes to schools and textbooks for children, medicine for mothers and creating job opportunities for the poor, not to line the pockets of the rich and powerful," he said.
The move to fight corruption in the aid process is being backed by the Bush administration, and has considerable international support. But some countries and activist7 organizations have expressed concern that the fight against corruption is slowing loans to the poor.
Finance ministers also expressed concern Monday that debt relief was not reaching poor countries fast enough, and that new debts were beginning to pile up, even in countries whose debts had been cancelled by donors8.
A small group of debt-relief activists9 demonstrated near the entrance of the meeting venue10 Monday, demanding that international financial institutions remove what they say are excessive conditions attached to debt relief.
Activist organizations say bank demands for privatizing and restructuring certain industries and liberalizing trade are obstructing11 poor countries' escape from poverty.
Finance ministers representing the world's poorest countries also said the World Bank and IMF should be more flexible with conditions they attach to debt relief.
But bank officials and finance ministers have expressed concern at commercial lenders moving in to provide new loans to countries that are unable to meet World Bank conditions, or have recently had their debts forgiven.
U.S. Treasury12 Secretary Henry Paulson said Monday that there are already signs that excessive lending to countries struggling to get out of debt is trapping them in new debt, prolonging the cycle of poverty.
Wolfowitz said World Bank loans reached a record high in the last year. The International Financial Corporation, the private sector13 arm of the World Bank, says investments and loans to high-risk and low-income countries were up 20 percent, with a record $9.5 billion committed for investment in private-sector social projects in developing countries.
1 monetary | |
adj.货币的,钱的;通货的;金融的;财政的 | |
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2 corruption | |
n.腐败,堕落,贪污 | |
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3 decided | |
adj.决定了的,坚决的;明显的,明确的 | |
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4 withhold | |
v.拒绝,不给;使停止,阻挡 | |
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5 recipient | |
a.接受的,感受性强的 n.接受者,感受者,容器 | |
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6 oversight | |
n.勘漏,失察,疏忽 | |
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7 activist | |
n.活动分子,积极分子 | |
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8 donors | |
n.捐赠者( donor的名词复数 );献血者;捐血者;器官捐献者 | |
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9 activists | |
n.(政治活动的)积极分子,活动家( activist的名词复数 ) | |
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10 venue | |
n.犯罪地点,审判地,管辖地,发生地点,集合地点 | |
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11 obstructing | |
阻塞( obstruct的现在分词 ); 堵塞; 阻碍; 阻止 | |
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12 treasury | |
n.宝库;国库,金库;文库 | |
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13 sector | |
n.部门,部分;防御地段,防区;扇形 | |
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