Tag: World Bank

 

Will the World Bank Still Be Center Stage When It Turns 75?

Blog Post

What does it mean when a majority of the World Bank’s shareholders (measured by voting shares) decides to put capital in a new multilateral development bank (MDB) and not the World Bank itself? The flood of countries joining the Asian Infrastructure Investment Bank (AIIB) is unavoidably a soul-searching moment for the Washington-based institution long known simply as “the bank” in the development community. 

Strange Football: Education Programs Rarely Keep Score

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“Is learning the only result worth financing in education?” That was the question posed to me at a recent World Bank debate about results-based financing in education. The question is germane because the World Bank has a large program of results-based financing in health and a new modality of Program for Results lending operations, and it is negotiating a new trust fund for performance programs in education. 

A Better Measure of Shared Prosperity

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One of the World Bank’s two goals for developing countries is to “share prosperity,” which it measures by the growth rate in mean consumption (or income) for the poorest 40 percent of the population. That metric has the appeal of simplicity, but it tells us nothing at all about how rising prosperity — or economic contraction — is being shared among the poorest 40 percent.

My Two Big Worries about the World Bank

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For the first time in its seven-decade-long history, World Bank staff staged a work stoppage earlier this month. Staff are unhappy about the “Change Process,” aka the ongoing internal reorganization that President Kim initiated on his arrival at the bank now more than two years ago.

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