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The World Bank’s Evolution Roadmap suggests the institution could provide more grants and subsidies to activities that support the provision of global public goods (GPGs), particularly in richer developing countries. Provision of those public goods is surely a priority: avoiding future pandemics and limiting climate change benefits everyone. At the same time, and especially in an environment where finance for international subsidies and grants is extremely limited, it is important that the mechanisms are efficient.

Join Carnegie as Stewart Patrick welcomes Amanda Glassman and Zainab Usman for a discussion around the prospect of reforms to the World Bank and its implications for development cooperation.

The World Bank management’s Evolution Roadmap suggests the institution is reconsidering its ‘twin goals’ mission statement of eradicating extreme poverty (ending $2.15 poverty by 2030) and boosting shared prosperity (raising the incomes of the bottom 40 percent in each country).

/PRNewswire/ -- The "Global Vehicle Electrical/Electronic (EE) Architecture Strategic Insights and Growth Opportunities" report has been added to...

The assignment is clear. During this year’s Annual Meetings of the IMF and World Bank, shareholders instructed the World Bank to develop a work program for its own evolution (“to identify gaps in the Bank’s current institutional and operational framework…”) by the end of the year. Secretary Yellen led the evolution charge, noting, “We do not yet have a sufficiently robust toolkit to address, with scale and urgency, our global and cross-border challenges.”