Is the World Bank fit for purpose?

From governance issues to mounting competition, the World Bank faces myriad challenges, but its proponents remain convinced of its importance to the modern world.

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WORLD BANK SPECIAL

While the World Bank’s lending has been largely depoliticized since the end of the Cold War, the political influence over its governance and shareholder structure has been a topic of heated argument more or less since its foundation.

Today, the US remains by far the largest shareholder in the Bank, with close to 16% of its voting rights, which unsurprisingly raises hackles throughout the non-governmental organization community and elsewhere.

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