Columbia International Affairs Online
CIAO DATE: 12/5/2007
The World Bank: Toward a Global Club
May 2007
Abstract
In this Essay, CGD president Nancy Birdsall describes the World Bank as a global club with a structure close to that of a credit union in which the members are nations. Its mission, as originally conceived–-to promote broadly shared and sustainable global prosperity—serves the common interests of all its country members. In light of this, Birdsall addresses the issues that arise with respect to its current governance structure and how these issues affect the Bank’s legitimacy, effectiveness and relevance in the global system.
