Tag: World Bank

 

China May Be Paving the Way for America’s Exit

Blog Post

One form of soft power is concrete enough. That is, it’s literally concrete. And by a measure of bricks and mortar, it’s clear that the United States is rapidly losing the soft power game to China. In fact, the contrast between the two countries on display this week in Washington is startling.

Congress Looks at World Bank, Asks How It Can Do Better

Blog Post

With big cuts to US bilateral and multilateral assistance looming, the House Committee on Financial Services convened a hearing to investigate accountability and results at the World Bank. Scott Morris, CGD’s director of the US Development Policy initiative (DPI), was joined by the International Consortium of Investigative Journalists’ Sasha Chavkin, CalTech’s Jean Ensminger, and BIC’s Elana Berger. It was a thoughtful conversation, with everyone on the panel agreeing that it is in the United States’ interest to continue engagement with the World Bank. Here are my main takeaways from the hearing.

Publications

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.

The World Bank's New Safeguards: A Step Forward or Back? – Podcast with Scott Morris

Blog Post

A multi-year project just came to fruition with the endorsement by the Board of the World Bank of its new set of safeguards—the social and environmental standards that govern Bank-funded projects in client countries. CGD's expert on multilateral development banks, senior fellow Scott Morris, reacted to the new policies in a recent blog post, and joins me this week on the CGD Podcast to discuss. 

Doing More than Safeguarding the Safeguards at the World Bank

Blog Post

Depending on who you listen to, the World Bank has either just launched an unprecedented reach into the domestic political affairs of sovereign nations, or it has gutted the rules that have helped define its essential character as a global norm-setter. Both can’t be right, and most likely, neither is. To better understand the objectives of the bank's newly adopted “safeguards” regime, and why I’m somewhat encouraged by it, it’s worth looking more closely at the arguments of critics on both sides.

Will the World Bank Still Be Center Stage When It Turns 75?

Blog Post

What does it mean when a majority of the World Bank’s shareholders (measured by voting shares) decides to put capital in a new multilateral development bank (MDB) and not the World Bank itself? The flood of countries joining the Asian Infrastructure Investment Bank (AIIB) is unavoidably a soul-searching moment for the Washington-based institution long known simply as “the bank” in the development community. 

Publications

This paper examines courses of action that could help the bank could adapt to shifting development priorities. It investigates how country eligibility standards might evolve and how the bank might start to break away from its traditional “loans to countries” model.

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