Great find and logical question. From that website:
1. Key development issues and rationale for Bank involvement
While the Mexican economy has been improving throughout the last decade, it has not done so at the rates necessary to significantly generate jobs or reduce poverty. Real GDP per capita only grew at an annual rate of 1.2 percent between 1994 and 2004. [NAFTA BEGAN IN 1994] In contrast, GDP per capita grew at 3.3 percent in Chile, 7.7 percent in China, and 5.9 percent in the East Asia and Pacific region as a whole. Productivity growth has also been disappointing and [CHEAPER LABOR] In addition, comprehensive competitiveness measures from a variety of sources show that Mexico is lagging, especially relative to per capita income. All of these results point to an urgent need to upgrade competitiveness in Mexico if the country is going to successfully grow and compete with East Asia.
Aware of its predicament, the Government of Mexico (GOM) declared increasing country competitiveness to be a key priority of the Fox Administration in 2003 and created a Competitiveness Agenda in 2004. The World Bank has supported these efforts through the Mexico Country Partnership strategy which proposed a multi-year program of Analytic and Advisory Activities (AAA) in the area of competitiveness and trade for FY05-FY08 that could lead to programmatic and investment operations. The proposed Development Policy Loan (DPL) is an extension of those efforts.
This is going to be my last post tonight as I have had enough surprises. It seems like everything I haave tried has been rewarding to me. Try this site:
http://web.worldbank.org/WBSITE/EXTERNAL/COUNTRIES/LACEXT/MEXICOEXTN/0,,menuPK:338410~pagePK:141132~piPK:141105~theSitePK:338397,00.html
WASHINGTON, April 15, 2004 - The World Bank today announced a new Country Assistance Strategy in partnership with Mexico (CAS), which projects about $1.2 billion a year in new lending between July 2004 and June 2008, in order to support the development agenda of Mexico.
So Mexico is getting $1.2 billion a year from the world bank. In 4 years that will be $4.8 billion plus the $300 million.
While we are at it, lets not forget this
http://lugar.senate.gov/pressapp/record.cfm?id=221484
$100 billion may have been lost to World Bank Corruption
Thursday, May 13, 2004
Witnesses testified before Sen. Dick Lugar Thursday that as much as $100 billion may have been lost to corruption in World Bank lending projects. The World Bank itself, Lugar said, has identified corruption as the single greatest obstacle to improving the lives of the world’s poor, one billion of whom live on less than one dollar a day.
excerpt....
I also would note that we did invite the President of the World Bank, James Wolfensohn; the President of the Inter-American Development Bank, Enrique Iglesias; and the President of the African Development Bank, Omar Kabbaj; to testify before this Committee. They declined the invitation, citing the established practice of Bank officials not to testify before the legislatures of their numerous member countries. Their letters of regret will be included in the official record.
I don't recall anything ever being done about this $100 billion discrepancy.
Notice how the bankers think of themselves as immune from answering questions. We have heard the same this past week from William Jefferson who had $90 thousand cold cash in the freezer.
On August 25, 2000 Bush gave what's known as his Century of the Americas speech. Before we elected him the first time, he told us what he wanted. An alliance of all the Americas. Here it is.
http://www.freerepublic.com/forum/a39a6ee1f3ae7.htm