Paul Wolfowitz attacks US Government over falling aid [View All]

[wicket]

:wow: Sometimes reality is stranger than fiction!

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World Bank president Paul Wolfowitz strongly criticized the US government for scaling back its aid to a bank development program that helps some of the poorest countries.

The former US official said it was "deeply worrying" that
President George W. Bush's administration had cut back its contributions to the bank's International Development Association (IDA).

There is a "moral obligation" for Washington to do more, Bush's former US deputy defense secretary said in a speech at the Heritage Foundation here. IDA is a World Bank agency that provides favorable financing to some of the world's poorest and most heavily indebted countries, many of them located in sub-Saharan Africa.

The United States continues to account for more than 13 percent of IDA funding, Wolfowitz said. "However, US commitment to IDA has declined from a historical level of 20 percent to the current 13," he said.