China Forgoes Veto Power at New Bank to Win Key European Nations’ Support (Wall Street Journal)

From the article:

Other development experts say resident boards are anachronistic and slow down decision-making. The World Bank is starting a “a fundamental review” of how its governed, said Scott Morris, a former Obama Treasury official who is now a researcher at the Center for Global Development, a Washington think tank.

“To say that [the new Asian bank] should aim for the ‘highest standards’ or ‘best practices’ is kind of an empty target,” he said in an email response.
 

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