during their twice yearly meetings next week, while calling for the bank's management to outline firm plans for further reforms.to take bolder action to increase funding to help developing countries address climate change, future pandemics and other global challenges.
The Biden administration sees the bank's "evolution road map" as an "initial down payment on a series of important reforms," but wants further reforms implemented as possible instead of waiting for the bank's governors to meet in October, the official said. Karim El Aynaoui, executive president of Moroccan think tank the Policy Center for the New South, said reforms of the World Bank and other multilateral development banks were long overdue and changes were needed to give greater voice to African countries and other developing nations.
Reading the annual report we got $18B to South Africa of which $13B was for COVID in 2022? Im all for giving people money to make things better but the numbers versus reality, I cant see what they did and never mentioned by name but the money's gone. But they get their interest.
Only a desperate fool does business with World Bank. They come with so many conditions linked to any loan that have nothing to do with finance. A nation gives up sovereignty to woke palookas.