Consider the situation. Faced with growing fiscal stress, the government of an energy exporting country decides to cut generous subsidies, doubling the fuel price overnight. Protestors are out on the streets, clashing violently with security forces called in to maintain law and order. They vent t...

Following its underwhelming response to the COVID-19 pandemic and the damaging “Doing Business” scandal, the World Bank should focus on getting money to poor countries. Here, the Bank can distinguish itself by providing governments with both concessional loans and untied aid.