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the World Bank faces Strategic Decisionsvieuxcmaq, Sunday, March 18, 2001 - 12:00
Charlotte Carlsson (ccarlsson@brettonwoodsproject.org)
World Bank role expansion In recent years the World Bank has expanded its roles. It is best known as a bank – lending money for specific power, transport, health projects – and for its major influence on countries’ economic policies through structural adjustment programmes. Less discussed are the Bank’s growing roles as thinktank on a range of issues, from trade to the environment to post-conflict reconstruction, or its moves to tackle global issues such as climate change, communicable diseases and the digital divide. The recent leaked memos from Bank staff and from the President admit that the Bank is overstretched and needs to prioritise. This raises the questions of who will judge what the Bank should and should not do and whether the Bank has the skills and legitimacy to play a larger role. Many argue that the Bank has been a major contributor to some of the problems it now claims to want to solve. Others welcome the Bank’s recognition of issues like the environment and governance, but are convinced that it should take the lead from others, not try to dominate all areas. |
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