Since its founding in 1944, the World Bank has evolved from a lender focused on European reconstruction into the preeminent international institution for economicdevelopment and poverty reduction. This Backgrounder examines the Bank's history and role.
International trade and finance analyst Rebecca M. Nelson offers an overview of multilateral development banks and outlines the issues they present for the United States Congress in this Congressional Research Service report.
Ngozi Okonjo-Iweala puts forward three major challenges--creating jobs, investing in the human capital of the poor, and building institutions--that she expects to pursue if chosen to lead the World Bank.
In this Wall Street Journal op-ed, Sebastian Mallaby writes that persuading China to change its currency policy would be a worthy goal for a 21st-Century Bretton Woods. It will be up to the two great powers -- the U.S. and China -- to fashion a deal that brings China into the heart of the multilateral system.
In this Washington Post op-ed, Sebastian Mallaby argues that Barack Obama and Hillary Clinton have pushed trade populism beyond the point at which it can be easily forgiven. Presidential primaries always seem to drive Democrats to the left—and this year's primaries have been painfully prolonged, damaging the party's credibility.
The World Bank, a U.S.-led oil consortium, and Chad's government came together for a pipeline plan that was hailed as a new model to help developing nations escape poverty and avoid corruption. But unstable Chad's decision to modify the agreement to buy arms threatened to doom the arrangement.
Former Pentagon official Paul Wolfowitz is now reveling in the role of reformer at the World Bank, where he has made corruption a major theme of his first year as chief. But fighting corruption, like building democracy, may be the work of generations.
The Council on Foreign Relations' David Rockefeller Studies Program—CFR's "think tank"—is home to more than seventy full-time, adjunct, and visiting scholars and practitioners (called "fellows"). Their expertise covers the world's major regions as well as the critical issues shaping today's global agenda. Download the printable CFR Experts Guide.