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Scott Morris testified before the House Financial Services Subcommittee on Monetary Policy and Trade at a hearing titled, “Examining Results and Accountability at the World Bank” on March 22, 2017. Morris’s testimony offered recommendations for Congress in effective oversight and influence at the World Bank, as well as discussing what US contributions to the institution deliver for US taxpayers.
From the testimony:
Let me start with the observation that the World Bank is the leading provider of development assistance in the world, providing financing and technical expertise in nearly 150 countries globally. But by leader, I don’t just mean the bank is the largest. According to most independent assessments, the World Bank consistently appears as the most, or one of the most, effective development institutions globally on key measures of cost efficiency, project outcomes, and policy influence. These were the findings of multilateral aid reviews conducted by governments in the UK, Australia, Sweden, the Netherlands, and Denmark; by independent organizations like mine; and by an extensive survey of developing country leaders conducted by AidData, a US-based research organization.