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World Bank

The U.S. helped establish the World Bank and the International Monetary Fund (IMF) to assist nations recovering from the widespread devastation of World War II, to prevent a reversion to protectionist policies that contributed to the Great Depression’s depth and duration, and to help spur economic growth and development in poor or newly independent countries. Today, both institutions have diverged from their original objectives and taken on missions and responsibilities for which they are ill-suited. American leadership is needed to refocus the World Bank’s activities to activities that will better catalyze economic growth and development in recipient nations.

Our Research & Offerings on World Bank
  • Issue Brief posted April 18, 2013 by Ambassador Terry Miller, Anthony B. Kim Promoting Economic Freedom: Key to Realizing the World Bank’s Mission

    In an April 2 speech, World Bank President Jim Yong Kim set out the ambitious goal of ending extreme poverty within a generation.[1] Outlining a bold development agenda in advance of the World Bank–IMF spring meetings from April 19 to 21, Kim emphasized the importance of fostering “inclusive growth” and building “a science of delivery for development.” The search for a…

  • Issue Brief posted April 19, 2012 by Ambassador Terry Miller, Anthony B. Kim Advancing Economic Freedom Through the World Bank: A Worthy Goal for Jim Yong Kim

    On April 16, Dr. Jim Yong Kim, president of Dartmouth College, was elected as the next president of the World Bank. Kim, a physician with a background in public health, prevailed after an unusual race contested by two highly regarded economists from Nigeria and Colombia. Kim’s background raises plenty of questions regarding his suitability for the job and particularly his…

  • Lecture posted August 29, 2011 by Leonard F. McCarthy Fighting Economic Corruption Around the World: Successes, Challenges, and Staying the Course

    Abstract: The anticorruption movement has been making progress—bad guys, from national governments to private corporations, have had their feet held to the fire, being forced to shape up or pay restitution. More and more, the global community is recognizing the scope and devastating effects of corruption. On May 12, 2011, Leonard McCarthy, the World Bank’s Vice…

  • Special Report posted September 21, 2010 by Kim R. Holmes, Ph.D. Smart Multilateralism and the United Nations

    Abstract: Multilateralism is not an end in itself. It is one of many foreign policy tools, admittedly a very important one, in the diplomatic kit. For the United States, multilateralism faces its greatest challenge at the United Nations, where the all-too-frequent clash of worldviews between liberty and authoritarian socialism has stymied multilateralism more than…

  • Backgrounder posted June 21, 2010 by James M. Roberts World Bank’s Palm Oil Development Strategy Should Focus on Economic Freedom

    Abstract: In ongoing campaigns against the expansion of the palm oil industry in developing countries, non-govern­mental organizations (NGOs) and environmental groups claim that palm oil production destroys tropical rainforests and threatens wildlife. In truth, a major motivation for their opposition seems to be sheer protectionism: In addition to being a vitally…

  • WebMemo posted March 11, 2009 by Ambassador Terry Miller World Bank's Proposed Vulnerability Fund: A Gimmick for the Poor

    No group is more vulnerable to the international financial crisis and recession than the poor in developing countries. The World Bank has offered a gimmick to help them out. A proposed "Vulnerability Fund" seeks to siphon off 0.7 percent of developed countries' stimulus packages for World Bank and United Nations assistance to poor countries.[1] Those familiar…

  • Play Movie Wolfowitz, President of the World Bank Video Recorded on March 12, 2008 Wolfowitz, President of the World Bank

    Schaefer appeared on Reuters to discuss Wolfowitz, President of the World Bank.…

  • Play Movie Brett Schaefer on Wolfowitz Video Recorded on May 15, 2007 Brett Schaefer on Wolfowitz

    Brett Schaefer looks at Paul Wolfowitz's record on Reuters television.…

  • WebMemo posted September 14, 2006 by Ana I. Eiras Reforms for the World Bank and International Monetary Fund

    Next week, when the two most important international financial institutions, the World Bank and the International Monetary Fund (IMF), meet in Singapore, they will have to face two key questions. The IMF must ask what it can do to make itself relevant in a crisis-free world. The World Bank must ask how it can deliver foreign aid more effectively. Can the IMF…

  • Backgrounder posted September 16, 2005 by Ana I. Eiras Time for the International Monetary Fund and World Bank to Reconsider the Strategy for Millennium Development Goals

    Every September, the Board of Governors of the World Bank and the International Monetary Fund (IMF) meets to discuss their role, work, and strategy to reduce poverty and preserve global financial stability. The discussions this year will center on the Millennium Development Goals (MDGs) and the Monterrey Consensus to encourage developing countries to increase…

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  • Backgrounder posted May 16, 1996 by Bryan T. Johnson The World Bank and Economic Growth: 50 Years of Failure

    Map 1: Countries Receiving World Bank Loans for 25 years or LongerTable 1: Economic Growth Rates of Recipients of World Bank Loans, Algeria - LesothoTable 1: Economic Growth Rates of Recipients if World Bank Loans, continued, Madagascar - ZambiaTable 2: How Long Term Recipients of World Bank Loans Rate on Economic FreedomTable 3: Economic Growth and Government…

  • Backgrounder posted September 17, 2003 by Ana I. Eiras IMF and World Bank Intervention: A Problem, Not a Solution

    On September 23, 2003, the World Bank Group and the Board of Governors of the International Monetary Fund (IMF) will meet in Dubai to discuss the work of their respective institutions in international monetary and development issues. This meeting would be worth its high expense if the discussion were centered on these institutions' own reform rather than on how they…

  • Backgrounder posted June 21, 2010 by James M. Roberts World Bank’s Palm Oil Development Strategy Should Focus on Economic Freedom

    Abstract: In ongoing campaigns against the expansion of the palm oil industry in developing countries, non-govern­mental organizations (NGOs) and environmental groups claim that palm oil production destroys tropical rainforests and threatens wildlife. In truth, a major motivation for their opposition seems to be sheer protectionism: In addition to being a vitally…

  • Lecture posted August 29, 2011 by Leonard F. McCarthy Fighting Economic Corruption Around the World: Successes, Challenges, and Staying the Course

    Abstract: The anticorruption movement has been making progress—bad guys, from national governments to private corporations, have had their feet held to the fire, being forced to shape up or pay restitution. More and more, the global community is recognizing the scope and devastating effects of corruption. On May 12, 2011, Leonard McCarthy, the World Bank’s Vice…

  • Issue Brief posted April 18, 2013 by Ambassador Terry Miller, Anthony B. Kim Promoting Economic Freedom: Key to Realizing the World Bank’s Mission

    In an April 2 speech, World Bank President Jim Yong Kim set out the ambitious goal of ending extreme poverty within a generation.[1] Outlining a bold development agenda in advance of the World Bank–IMF spring meetings from April 19 to 21, Kim emphasized the importance of fostering “inclusive growth” and building “a science of delivery for development.” The search for a…

  • Special Report posted September 21, 2010 by Kim R. Holmes, Ph.D. Smart Multilateralism and the United Nations

    Abstract: Multilateralism is not an end in itself. It is one of many foreign policy tools, admittedly a very important one, in the diplomatic kit. For the United States, multilateralism faces its greatest challenge at the United Nations, where the all-too-frequent clash of worldviews between liberty and authoritarian socialism has stymied multilateralism more than…

  • Executive Memorandum posted April 27, 2004 by Ana I. Eiras The World Bank Interferes with Montenegro's Reform

    The Montenegrin parliament is delaying approval of the government's package of free-market measures, designed to improve the investment environment and encourage informal small and medium businesses to enter the formal market. The package includes a reduction of employers' payroll taxes and contributions to pension and health care. This time, however, reform is…

  • Issue Brief posted April 19, 2012 by Ambassador Terry Miller, Anthony B. Kim Advancing Economic Freedom Through the World Bank: A Worthy Goal for Jim Yong Kim

    On April 16, Dr. Jim Yong Kim, president of Dartmouth College, was elected as the next president of the World Bank. Kim, a physician with a background in public health, prevailed after an unusual race contested by two highly regarded economists from Nigeria and Colombia. Kim’s background raises plenty of questions regarding his suitability for the job and particularly his…

  • WebMemo posted March 11, 2009 by Ambassador Terry Miller World Bank's Proposed Vulnerability Fund: A Gimmick for the Poor

    No group is more vulnerable to the international financial crisis and recession than the poor in developing countries. The World Bank has offered a gimmick to help them out. A proposed "Vulnerability Fund" seeks to siphon off 0.7 percent of developed countries' stimulus packages for World Bank and United Nations assistance to poor countries.[1] Those familiar…

  • Lecture posted October 28, 1988 by Jacek Kalabinski How World Bank Bailouts Aid East European Regimes

    This report is available currently only in PDF format.…

Find more work on World Bank
  • Issue Brief posted April 18, 2013 by Ambassador Terry Miller, Anthony B. Kim Promoting Economic Freedom: Key to Realizing the World Bank’s Mission

    In an April 2 speech, World Bank President Jim Yong Kim set out the ambitious goal of ending extreme poverty within a generation.[1] Outlining a bold development agenda in advance of the World Bank–IMF spring meetings from April 19 to 21, Kim emphasized the importance of fostering “inclusive growth” and building “a science of delivery for development.” The search for a…

  • Issue Brief posted April 19, 2012 by Ambassador Terry Miller, Anthony B. Kim Advancing Economic Freedom Through the World Bank: A Worthy Goal for Jim Yong Kim

    On April 16, Dr. Jim Yong Kim, president of Dartmouth College, was elected as the next president of the World Bank. Kim, a physician with a background in public health, prevailed after an unusual race contested by two highly regarded economists from Nigeria and Colombia. Kim’s background raises plenty of questions regarding his suitability for the job and particularly his…

  • Special Report posted September 21, 2010 by Kim R. Holmes, Ph.D. Smart Multilateralism and the United Nations

    Abstract: Multilateralism is not an end in itself. It is one of many foreign policy tools, admittedly a very important one, in the diplomatic kit. For the United States, multilateralism faces its greatest challenge at the United Nations, where the all-too-frequent clash of worldviews between liberty and authoritarian socialism has stymied multilateralism more than…

  • Backgrounder posted June 21, 2010 by James M. Roberts World Bank’s Palm Oil Development Strategy Should Focus on Economic Freedom

    Abstract: In ongoing campaigns against the expansion of the palm oil industry in developing countries, non-govern­mental organizations (NGOs) and environmental groups claim that palm oil production destroys tropical rainforests and threatens wildlife. In truth, a major motivation for their opposition seems to be sheer protectionism: In addition to being a vitally…

  • WebMemo posted March 11, 2009 by Ambassador Terry Miller World Bank's Proposed Vulnerability Fund: A Gimmick for the Poor

    No group is more vulnerable to the international financial crisis and recession than the poor in developing countries. The World Bank has offered a gimmick to help them out. A proposed "Vulnerability Fund" seeks to siphon off 0.7 percent of developed countries' stimulus packages for World Bank and United Nations assistance to poor countries.[1] Those familiar…

  • WebMemo posted September 14, 2006 by Ana I. Eiras Reforms for the World Bank and International Monetary Fund

    Next week, when the two most important international financial institutions, the World Bank and the International Monetary Fund (IMF), meet in Singapore, they will have to face two key questions. The IMF must ask what it can do to make itself relevant in a crisis-free world. The World Bank must ask how it can deliver foreign aid more effectively. Can the IMF…

  • Backgrounder posted September 16, 2005 by Ana I. Eiras Time for the International Monetary Fund and World Bank to Reconsider the Strategy for Millennium Development Goals

    Every September, the Board of Governors of the World Bank and the International Monetary Fund (IMF) meets to discuss their role, work, and strategy to reduce poverty and preserve global financial stability. The discussions this year will center on the Millennium Development Goals (MDGs) and the Monterrey Consensus to encourage developing countries to increase…

  • Backgrounder posted June 2, 2005 by Brett D. Schaefer, Ana I. Eiras A Blueprint for Paul Wolfowitz at the World Bank

    When Paul Wolfowitz takes over the presidency of the World Bank this month, he will face the challeng­ing task of turning the World Bank into a more trans­parent, more accountable, and more effective organization. Despite its good intentions and hun­dreds of billions of dollars in development assistance over five decades, the Bretton Woods institution has failed to…

  • WebMemo posted March 22, 2005 by Brett D. Schaefer Wolfowitz at the World Bank

    The selection of Paul Wolfowitz as the American candidate to succeed James Wolfensohn as President of the World Bank has ruffled feathers in Europe. This is no surprise, as Deputy Secretary of Defense Wolfowitz is known as an architect of the Iraq war, which was unpopular in much of Europe. These governments should look past their animosity and recognize the…

  • Executive Memorandum posted April 27, 2004 by Ana I. Eiras The World Bank Interferes with Montenegro's Reform

    The Montenegrin parliament is delaying approval of the government's package of free-market measures, designed to improve the investment environment and encourage informal small and medium businesses to enter the formal market. The package includes a reduction of employers' payroll taxes and contributions to pension and health care. This time, however, reform is…

Find more work on World Bank
Find more work on World Bank