OPINION

Can the World Bank ever redeem itself?

News, Devesh Kapur & Arvind Subramanian, Published on 05/12/2018

» In recent years, as the World Bank's financing role has been eclipsed by the rise of private capital and a surge in money from China, its leaders have been desperately seeking a new mission. And interminable reorganisations, politicised appointments and the changing priorities of successive presidents have contributed to the perception that the institution is less than functional. But can that change?