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World Bank President James Wolfensohn Monday extolled the Communist government of President Fidel Castro for doing “a great job” in providing for the social welfare of the Cuban people.

His remarks followed Sunday’s publication of the Bank’s 2001 edition of ‘World Development Indicators’ (WDI) which showed Cuba as topping virtually all other poor countries in health and education statistics.

It also showed that Havana has actually improved its performance in both areas despite the continuation of the US trade embargo against it and the end of Soviet aid and subsidies for the Caribbean island more than ten years ago.

“Cuba has done a great job on education and health,” Wolfensohn told reporters at the conclusion of the annual spring meetings of the Bank and the International Monetary Fund (IMF). “They have done a good job, and it does not embarrass me to admit it.”

His remarks reflect a growing appreciation in the Bank for Cuba’s social record, despite recognition that Havana’s economic policies are virtually the antithesis of the “Washington Consensus”, the neo-liberal orthodoxy that has dominated the Bank’s policy advice and its controversial structural adjustment programmes (SAPs) for most of the last 20 years.

Some senior Bank officers, however, go so far as to suggest that other developing countries should take a very close look at Cuba’s performance.

http://www.ipsnews.net/2001/05/finance-learn-from-cuba-says-world-bank/
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