With rigorous economic research and practical policy solutions, we focus on the issues and institutions that are critical to global development. Explore our core themes and topics to learn more about our work.
In timely and incisive analysis, our experts parse the latest development news and devise practical solutions to new and emerging challenges. Our events convene the top thinkers and doers in global development.
One of the great underexplored areas in economic development research is rigorous investigation of how bad leaders affect development. A series of actions by Robert Mugabe's regime have coincided with an epic collapse of Zimbabwe's economy, erasing half a century of income growth and bringing on four million percent inflation.
In today's Financial Times, former UN Secretary-General Kofi Annan makes a strong case for collective action on the situation in Zimbabwe. Mr Annan argues that "if the government, which many claim to be the author of violence, cannot ensure a fair vote, Africa must hold it accountable. The victor of an unfair vote must be under no illusions: he will neither have the legitimacy to govern, nor receive the support of the international community."
Senators Lugar and Bayh are again on the anticorruption warpath. Yesterday they issued a press release calling for "a Government Accounting Office (GAO) probe of the World Bank's anticorruption efforts." They want to make sure that the U.S.'s $950 million contribution to the International Development Association is not being "misspent and enriching corrupt foreign regimes." Certainly sounds reasonable, but is this really the right focus for a review of World Bank operations?
I was of two minds as to whether or not to join in the analysis of Suharto's legacy, but I decided that I cannot let stand some of what I have read about Suharto, Indonesia's strongman president for 31 years, who died on Sunday at the age of 86. For those who don't know me: I was the World Bank's country director in Jakarta from 1994 to 1999. I was present during Indonesia's financial crisis and when Suharto was forced out of office in May, 1998.
Suzanne Rich Folsom, the controversial head of the World Bank's internal anti-corruption unit, resigned yesterday to return to the private sector. With Ms. Folsom's departure almost all of Paul Wolfowitz's inner circle has now left the Bank. I expect that some of the Bank's critics will cast this turn of events as victory of the bank bureaucracy over the forces of good in a fight for truth, justice, the American way, and, most especially, zero corruption.
DAKAR, Senegal: Nigeria's anti-corruption chief, whose investigations have ensnared some of the country's wealthiest politicians and officials, will be sent to a year-long training course in a remote police academy, according to senior law enforcement officials in Nigeria, in what many analysts and anti-corruption activists say is an attempt to sideline him.