Privatize, Yes But Open Markets, Too

As bankers from around the globe converge on Bangkok for the Oct. 15-17 annual meetings of the World Bank and International Monetary Fund, a main topic of discussion will be privatization. New World Bank President Lewis T. Preston, the former chairman of J.P. Morgan & Co., is expected to unveil a plan to put more of the giant lender's $111 billion in assets behind promoting private-sector growth around the globe.

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