| ID | 110925 |
| Title Proper | Why we still need the World Bank |
| Other Title Information | looking beyond aid |
| Language | ENG |
| Author | Zoellick, Robert B |
| Publication | 2012. |
| Summary / Abstract (Note) | In 2007, the World Bank was in crisis. Some saw conflicts over its leadership. Others blamed the institution itself. When the International Bank for Reconstruction and Development, the cornerstone of what became the World Bank Group, was founded in 1944, poor and war-torn countries had little access to private capital. Sixty years later, however, private-sector financial flows dwarfed public development assistance. "The time when middle-income countries depended on official assistance is thus past," Jessica Einhorn, a former managing director of the World Bank wrote in these pages in 2006, "and the IBRD seems to be a dying institution." In roundtable discussions and op-ed pages, the question was the same: Do we still need the World Bank? |
| `In' analytical Note | Foreign Affairs Vol. 91, No.2; Mar-Apr 2012: p.66-78 |
| Journal Source | Foreign Affairs Vol. 91, No.2; Mar-Apr 2012: p.66-78 |
| Key Words | World Bank ; International Bank for Reconstruction and Development ; Public Development Assistance ; International Economic Architecture |