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Hi, Jean
Well, if I see the success of the European Investment Bank,
(which loutstanding loans now amounts twice those in the WB
balance sheet) there is a need of an institurion that help finance
long term development projects, which is supposed to be the
goal of the world bank. The problem is (I had experiences with
the EIB as well as the WB during my period as a consultant
in Eastern Europe, and I found the first one much more efficiency-
oriented) that it is a quite bureaucratic / paperwork loving institution
and that - as every country has its quota of civil servant, not always
chosen for their banking competence - there are a lot of
clans that fight each other. Also it is politicized by theoretical
"doctrines" and formal "guidelines" that change with political
whims, and tend to be dominated by the US. The need is there,
but it would need much streamlining and less self-centering and
arrogance to become effective. Practicality, professionalism and
pragmatic adaptation to local situations did not seem to me to
be its strong point.
Of course my appreciation could be too influenced by what I saw
at ground level, maybe I missed the grand vision ;-)
Peter
----- Original Message -----From: leif_ericssenSent: Wednesday, April 08, 2009 5:55 AMSubject: [Democratic_globalization] What do you think of the future of the World Bank?Do you see it as being viable or relevant in the 21st century?
Jan
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