All Blog Posts Tagged 'accountability' (5)

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The Structural Inefficiencies of the World Bank (Part 2)

In the previous blog post, I examined four key structural defects in the World Bank’s bureaucracy that reduce effectiveness and ultimately create hurdles for its poverty reduction activities. In this vein, I continue with several more observations that suggest effectiveness is undermined.



1. Maintaining the status quo compels Bank managers to be risk-averse. This tendency exists in tandem with another characteristic known in the institution as its “approval culture.” Managerial… Continue

Added by David Shaman on January 21, 2011 at 20:18 — No Comments

Is Reforming the World Bank Possible?

In April 2009, the G-20 pumped funds into key international financial institutions (IFI) such as the IMF and Bank to mitigate damaging effects of the global economic downturn on the most vulnerable developing countries. Estimates from international organizations, including the Bank, indicated the crisis was returning tens of millions of people back into abject poverty. The G-20’s decision and the impact of the crisis have heightened pressure on the Bank, both from a political and a humanitarian… Continue

Added by David Shaman on November 18, 2010 at 17:45 — No Comments

The Structural Inefficiencies of the World Bank (Part 2)

In the previous blog post, I examined four key structural defects in the World Bank’s bureaucracy that reduce effectiveness and ultimately create hurdles for its poverty reduction activities. In this vein, I continue with several more observations that suggest effectiveness is undermined.



1.Maintaining the status quo compels Bank managers to be risk-averse. This tendency exists in tandem with another characteristic known in the institution as its “approval culture.” Managerial… Continue

Added by David Shaman on October 13, 2010 at 17:30 — No Comments

Is the World Bank an Effective Steward on the Global War on Poverty?

Dear Business Fights Poverty Community:



In 2002, the richest countries of the world pledged to devote 0.7% of their GDP to aid poor countries with development and poverty reduction. But by 2008, their aid levels amounted to only 0.28% collectively. Aid from the U.S. was only 0.16%. In part, this reflected a priority to fund the war on terrorism more than the war on global poverty, though some in the development field suggest poverty is a key driver of terrorism. It also represented a… Continue

Added by David Shaman on May 20, 2010 at 18:00 — No Comments

The World Bank and Transparency: A Perspective

Dear Friend:



When he left the World Bank in 2005, former President James Wolfensohn said transparency reduced corruption, reduced corruption led to better governance and better governance increased development. Transparency, he believed, was the key. But history suggests the Bank’s management believes transparency is something that should apply to its clients and other external stakeholders rather than to itself.



Defenders of the Bank might note that the institution… Continue

Added by David Shaman on April 13, 2010 at 17:05 — No Comments

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