The New York Times quotes CGD President Nancy Birdsall on the disparity between U.S. and European contributions to the World Bank.
From the article:
"Development experts said the loss of the top ranking was symbolically important, even if Britain has been closing in on the United States for years. More significantly, though, it shows that Europe has thrown its support behind the bank.
'The Europeans were looking for a sense of direction and some confidence in where the bank was going,' said Nancy Birdsall, president of the Center for Global Development, a policy organization in Washington. 'This shows there is a renewed confidence.'"
