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Vol 54 No 21

Published 18th October 2013

Physician heal thyself

As they lose their primacy in development and finance, the Bank and Fund are searching for new roles – such as fighting inequality and climate change

Reform and reorganisation are under way at the World Bank and International Monetary Fund as developing countries demand better policies to promote growth and a bigger stake – ‘more chairs and shares’ – in both. With Asia’s hyper-economies and regional development banks offering billions of dollars of investment capital and Western philanthropic foundations financing development projects, the Bretton Wood institutions are losing their primacy in the worlds of finance and development.

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