Among the professionals of world finance, the U.S.'s Robert L. Garner, 67, talks from a background of 14 years in international economic development, first as vice president of the World Bank, then as president of the International Finance Corp. Last week, about to retire from IFC, Mississippi-born Bob Garner spoke in Vienna at the annual meeting of the World Bank and International Monetary Fund (see BUSINESS). Out of his experience, he delivered himself of some of the most sense-making ideas so far about the problems of giving foreign aid—and of receiving it. Excerpts:
"We need to keep in mind two significant developments...
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