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Blog Post
February 23, 2023
Last month, the World Bank released an “evolution roadmap” proposing to do more on climate change in low- and middle-income countries. It is a global challenge that will have a disproportionate impact on the world’s poorest countries. But it is also important to listen to the Bank’s clients, especia...
Blog Post
February 13, 2023
Official Development Assistance (ODA) isn’t what it used to be: each aid dollar is worth a lot less in terms of development outcomes. In large part that’s because the Development Assistance Committee (DAC), the donor club within the Organisation for Economic Co-operation and Development (OECD) that ...
Blog Post
February 13, 2023
The World Bank Group Evolution Roadmap makes three financing asks of donors and shareholders: capital for IBRD, continued support for IDA, and grants to support climate projects. I think donors and shareholders should support a capital increase and strengthen commitments to IDA. But they should not ...
Blog Post
January 26, 2023
The World Bank management’s Evolution Roadmap suggests the institution is reconsidering its ‘twin goals’ mission statement of eradicating extreme poverty (ending $2.15 poverty by 2030) and boosting shared prosperity (raising the incomes of the bottom 40 percent in each country). It is reassuring tha...
Blog Post
January 24, 2023
For all of the horrors that have punctuated the last two hundred years of human history, we have seen some awesomely unprecedented progress in global quality of life. The world has many more people, living much longer and healthier, in massively improved material circumstances than it did two hundre...
Blog Post
January 11, 2023
At the Annual meetings of the World Bank and IMF last year, shareholders asked the World Bank to come up with a set of proposals to evolve a larger role in climate and other global public goods. The Bank’s first response came pretty quick: by mid December, only a couple of months after the request, ...
Blog Post
January 09, 2023
Late last year, the World Bank Group issued a roadmap on its potential evolution in response to shareholder pressure at this year’s Bank-Fund annual meetings. The roadmap document has been widely shared with member governments. As reported by Reuters and Devex on the basis of leaked copies, it propo...