Friday, February 24, 2012

We Need A World Bank That Does The Job For Which It Was Created

Jeff Sachs argues that the World Bank has the potential to achieve its missions, which would benefit most of the world. Unfortunately, it has served the commercial interests of the US which appointed the last 11 World Bank Presidents. Most of them have been recruited from Wall Street banks. Some of the leaders from emerging market countries are pushing back and are asking for more influence in determining the bank's policies.

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