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A look at the World Bank as a money transfer algorithm

By Arvind Subramanian and Justin Sandefur / Providence, Rhode Island For now, we need to temper our expectations of its willingness to deliver global public goods in the face of challenges such as climate change.Since its inception, the World Bank has evolved to fulfill three main functions: providing global public …

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The World Bank as a money transfer algorithm

new York: Since its inception, the World Bank has evolved to fulfill three main functions: providing global public goods, generating valuable data and independent analysis, and shifting mainly concessional resources to the poorest countries. Having recently undermined its credibility vis-à-vis the first two objectives, the Bank should now focus on …

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