World Bank

One of the World Bank’s two goals for developing countries is to “share prosperity,” which it measures by the growth rate in mean consumption (or income) for the poorest 40 percent of the population. That metric has the appeal of simplicity, but it tells us nothing at all about how...

Following last week’s dramatic joint announcement out of Washington and Havana, many doors are likely to open for Cuba. One priority for the Cuban government should be membership in the multilateral development banks (MDBs).

The United States has enjoyed the privileged position of largest shareholder and donor at the World Bank and IMF since the institutions’ founding 70 years ago.