Tag: World Bank

 

Four Comments and a Suggestion for the World Bank Board

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Last week the World Bank Board closed the three-week window, announced in late August, for member countries to nominate candidates for the presidency of the World Bank. Jim Kim, the US nominee and incumbent since his election in 2012, was formally nominated by the United States at 12:01 a.m. at the opening bell, so to speak. He is the sole candidate in what appears to have been a kind of insider coup by the United States (called a “charade” in a World Bank Staff Association letter to its members) of the procedures agreed by World Bank members in 2011.

World Bank Presidents, Ranked: From McNamara to Kim

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The United States is pushing to re-elect the World Bank’s twelfth consecutive American president. Does he deserve another term? Both lending growth and project performance at the Bank appear weak by historical standards, but evaluating a bank with no profit motive is inherently difficult.

Is the World Bank Excusing Mugabe’s Human Rights Abuses? Read for Yourself.

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The World Bank is supposed to work with poor countries in distress. When it all goes well, the Bank supports reformers with advice and money. Sometimes, however, the Bank prolongs a country’s pain by throwing a lifeline to recalcitrant regimes. The difference between a helping hand and a counterproductive crutch requires the Bank to understand the trends inside a country and how its own actions might affect those dynamics. Often, it’s difficult to discern these subtleties.

Five Women Who Could Lead the World Bank

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Last week the World Bank announced the process for choosing the next president of the organization. Minutes after midnight on the first day nominations were to be accepted, the US formally nominated the incumbent Jim Kim. Other nominations are possible in what is, allegedly, an “open, merit-based, and transparent” process, but which will only be “open” for three weeks. Here are five women who could ably lead the World Bank.

Excuse Me, World Bank, This Time Is Last Time’s Next Time

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Historically the World Bank’s President was nominated by the USA and that person was then approved by the World Bank’s Board (and in a reciprocal agreement Europe nominated the head of the IMF).  Now, discussions have begun “over how and whether to reappoint” Jim Yong Kim, when his first term ends next June. I agree with the World Bank Staff Association that we need to be able to have confidence in this process.

The World Bank's New Safeguards: A Step Forward or Back? – Podcast with Scott Morris

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A multi-year project just came to fruition with the endorsement by the Board of the World Bank of its new set of safeguards—the social and environmental standards that govern Bank-funded projects in client countries. CGD's expert on multilateral development banks, senior fellow Scott Morris, reacted to the new policies in a recent blog post, and joins me this week on the CGD Podcast to discuss. 

New Approach to Managing Environmental and Social Risks in World Bank Programs

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On Thursday, August 4, the World Bank’s Board of Executive Directors approved a new “Environmental and Social Framework” for bank-financed investment projects. While the new policy framework has cleared the hurdle of Board approval, many questions remain. Will the new framework succeed? Will it enhance country capability and commitment to managing environmental and social risks? And will it reduce the bureaucratic hassles associated with bank lending and bolster demand?

Doing More than Safeguarding the Safeguards at the World Bank

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Depending on who you listen to, the World Bank has either just launched an unprecedented reach into the domestic political affairs of sovereign nations, or it has gutted the rules that have helped define its essential character as a global norm-setter. Both can’t be right, and most likely, neither is. To better understand the objectives of the bank's newly adopted “safeguards” regime, and why I’m somewhat encouraged by it, it’s worth looking more closely at the arguments of critics on both sides.

What’s in a World Bank Income Classification?

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Every July 1, the World Bank releases updated income classifications for the new fiscal year, often resulting in headlines about various countries’ graduations to “middle income” status. But despite the global attention to these classifications and graduations, there is still widespread confusion about their meaning and significance. Let’s explore three myths that could be leading you astray.

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