My point in the book is simply that if you think about what is the niche for the Bank in development you've got lots of groups that could build schoolrooms, which can do clinics. And I'm all for the Bank doing some of that. But if you think about a big dam, which is going to produce hydropower for several different countries, that's multinational. Well, the World Bank is multinational. It's going to take a long time to build and the benefits would be over a very long period. But the Bank has very long-term loans it can give.
It has environmental consequences. Well, the Bank has environmentalists. It has social impact. Well, the Bank has some anthropologists, a few. Perhaps it should have more. It has engineering consequences. Well, the Bank has engineers. It has big economic and public revenue management issues. And the Bank has people in those areas.
This is what you need, a big multinational, multi sexual organization for. You don't need it necessarily to go and build schools in a village, which could be done by a smaller organization just as well. So that's my only suggestion. That if you look at World Bank lending towards dams, it goes up in the 60s and 70s, peaks in the 80s, starts falling from the early 80s when the Environmental Defense Funds and other people started to shine the spotlight on the problems. And I think that they were right to do so at that point. It goes down, down, down, down, until it the first five years of Wolfensohn's leadership, between 95 and 2000, zero new big dam projects, zero new projects, zero. Maybe that's just a bit too far. Maybe the pendulum again needs to swing back a little bit.