In its budget submitted to Capitol Hill, the Clinton administration argues the importance of maintaining U.S. appropriations to the multilateral development banks to support post-Cold War foreign policy.

The document warned justifiably that the former Soviet Union and sub-Sahara Africa may face a grim future without the development banks' resources and expertise, but current funding patterns at the World Bank, endorsed by the major industrial country shareholders, already divert money and personnel from these regions.

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