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WASHINGTON, Oct 10 2013 (IPS) - World Bank President Jim Kim has formally put forward a major new proposal to refocus both the bank’s priorities and how it pursues those aims.
The new strategy, which would reorganise and harmonise the World Bank’s sprawling global operations, offers the first major realignment of the Washington-based development lender in nearly two decades. It also embodies the most significant move yet by Kim, who took over the top job in July 2012, to put his mark on the bank’s operations.
The strategy will be formally discussed by the bank’s Development Committee, made up of 25 foreign...