Multilateral Development Banks: Promoting Effectiveness and Fighting Corruption HEARING before the COMMITTEE ON FOREIGN RELATIONS UNITED STATES SENATE ONE HUNDRED NINTH CONGRESS SECOND SESSION Tuesday, March 28, 2006 Time: 9:30 AM Place: 419 Dirksen Senate Office Building Presiding: Senator Lugar Senator Lugar's Opening Statement   Witnesses:     Panel 1 The Honorable Clay Lowery    Assistant Secretary for International Affairs    Department of the Treasury    Washington, DC The Honorable Cynthia Shepard Perry    U.S. Executive Director of the African      Development Bank    Washington, DC    Panel 2 Dr. William Easterly    Professor of Economics    Co-Director of the Development Research Institute    New York University    New York, NY Dr. Ruth Levine    Acting President    Director of Programs and Senior Fellow    Center for Global Development    Washington, DC Dr. Adam Lerrick    The Friends of Allan H. Meltzer Chair in Economics    Director of the Gailliot Center for Public Policy    Tepper School of Business    Carnegie Mellon University    Pittsburgh, PA   Witness names in blue are links to the statement given. Statements are only posted if provided electronically by witness.