The power dynamics in the World Bank have changed dramatically.
The World Bank needs to change as part of rethinking the current world order, and giving rising powers and developing countries a meaningful voice.
The World Bank has changed direction. It won’t be giving up on public funding, but it will increasingly be trying to attract private investors to developing countries.
Africa should be concerned about news that the World Bank is looking to migrate from the model that largely relies on funding member states to become a broker of private capital.
The World Bank meets 2017 with a new face and that face is – for better or worse – worn by Jim Yong Kim.
A dubious deal with the Trumps has sparked criticism of the World Bank, but attention should be focused elsewhere.