Multilateral Development Banks: Development Effectiveness of Infrastructure Projects HEARING before the COMMITTEE ON FOREIGN RELATIONS UNITED STATES SENATE ONE HUNDRED NINTH CONGRESS SECOND SESSION Wednesday, July 12, 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    Panel 2 The Honorable Jaime Quijandría    Executive Director for Argentina, Bolivia, Chile,      Paraguay, Peru and Uruguay    The World Bank The Honorable Carlos Herrera Descalzi    Former Minister of Energy and Mines    Vice-Dean    National Engineers Association of Peru    Lima, Peru Dr. Korinna Horta    Senior Economist    Environmental Defense    Washington, DC Mr. Manish Bapna    Executive Director    Bank Information Center    Washington, DC   Witness names in blue are links to the statement given. Statements are only posted if provided electronically by witness.