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The World Bank's launch in late November of a five-year action plan for fighting the HIV/AIDS pandemic in Africa is emblematic of the Bank’s new direction. The structural adjustment programs are of yesteryear. Less controversial campaigns are becoming more common and economic strong-arming less frequent. Why the shift? The economies of some former Bank recipient countries have improved, loans repaid, and Bank presence ushered out. Venezuela, Bolivia and Ecuador have done as much, even creating a Bank of the South, launched in early December with four other South American countries.
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