Holding this year's World Bank meetings in Peru, a developing country, represents a welcome shift from the usual Washington, DC venue. One hopes that it portends other necessary shifts, with the Bank reframing its mission and undertaking new tasks – and with its biggest shareholder, the US, rethinking its role.
LIMA – Finance ministers, central bankers, and development economists are gathering in Lima, Peru, for the World Bank’s annual meetings, where the debate will focus on how the institution’s agenda fits our changing world. Holding the event in a developing country represents a welcome shift from the usual Washington, DC venue. Now, the Bank should make some other important shifts: It should reframe its mission and undertake new tasks, while its biggest shareholder, the United States, should rethink its role in the organization.
LIMA – Finance ministers, central bankers, and development economists are gathering in Lima, Peru, for the World Bank’s annual meetings, where the debate will focus on how the institution’s agenda fits our changing world. Holding the event in a developing country represents a welcome shift from the usual Washington, DC venue. Now, the Bank should make some other important shifts: It should reframe its mission and undertake new tasks, while its biggest shareholder, the United States, should rethink its role in the organization.