What I am about to tell you, I have never told before, completely. I have always held back the most sensitive part. But the events are now twenty years old. Since then, they have been spread across the newspapers and told to Congress; Senator Fulbright is retired, and others involved have done the same or moved on. It can do no harm to tell the whole story now. Even so, I will change the names.
During my first year at the University of Colorado ( 1966), 1 received a phone call from Osvaldo, who had been a student at the International Monetary Fund in the 1950s, when I was teaching in its training program. He was now director of training at the Inter-American Development Bank. "If you could come and write our training materials for loan evaluation," he said, "that would be fantástico."
"But I don't know how the Bank evaluates its loans," I protested. "Come and learn," he rejoined. "Spend a year at the Bank, study our procedures, and then write."
When the matter had been settled, I received a call from Joseph, a former student of mine at Johns Hopkins, who was then Assistant to the Vice President of the Bank. "While you are studying the evaluation procedures, we'd like to have your comments on how effective they are," he said. "Fair enough," I told him.
The President of the Bank sent out a circular to all staff that I had top clearance and should be shown all records; all