The World Bank’s Board of Executive Directors recently approved a groundbreaking Framework for Financial Incentives to encourage investments in projects that generate positive cross-border externalities. It is an important step toward making the Bank’s financial model fit for “ending poverty on a livable planet.”
WASHINGTON, DC – We are two of the 25 members of the World Bank’s Board of Executive Directors, which collectively represents 189 member countries with divergent interests. So, in addition to holding management accountable, we perform the difficult balancing act of building global consensus on a day-to-day basis. When members see eye to eye, the World Bank is a global public good (GPG) – one of the few places where all countries can strive to find common ground.
WASHINGTON, DC – We are two of the 25 members of the World Bank’s Board of Executive Directors, which collectively represents 189 member countries with divergent interests. So, in addition to holding management accountable, we perform the difficult balancing act of building global consensus on a day-to-day basis. When members see eye to eye, the World Bank is a global public good (GPG) – one of the few places where all countries can strive to find common ground.