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The trillion-dollar bank: Making IBRD fit for purpose in the 21st century
April 12, 2023The World Bank Evolution Roadmap is being developed at a critical moment in time. Developing countries have been hit by the unprecedented impact of the COVID-19 pandemic and the Ukraine war, with loss of fiscal buffers, increased indebtedness, and erosion of creditworthiness, leading to a decline in growth prospects and leaving them exposed to further crises. Progress on poverty reduction has been arrested and most developing countries are offtrack on most of the sustainable development goals (SDGs). There is also growing recognition of the need to respond more effectively to [...]