They maintain the increased risk these loans carry for the bank should not cause concern in the market because the bank has a reputation for prudent management and clear financial statements. This represents 39 per cent of total bank loans compared with 9 per cent for 1997 and 2 per cent for 1996.
Governments use structure loans to make changes in how they operate.
The loans are different from ones for development projects such as improving or building schools or roads. The IMF has provided emergency multi-billion dollar rescue packages for troubled economies in Asia and Russia. We see it as consistent with our mission'' to alleviate poverty. Malloch Brown said he did not expect credit agencies that rate banks' risks to lower their ranking of the World Bank because we have a reputation for prudent financing and the transparency of our financial statements. The largest borrowers in fiscal 1998 were Korea, China, India, Mexico, Russia, Brazil, Argentina, Pakistan, Indonesia and Ethiopia.