The World Bank Gets An Overhaul — And Not Everyone’s Happy

Friday, March 14, 2014

The World Bank, the largest international development institution, is undergoing a sweeping reorganization, the first of its kind for the bank in nearly a generation.

The bank, based in Washington, has laid out a new set of goals, but they’re accompanied by deep budget cuts and the elimination of a whole layer of senior management jobs.

The overhaul is being led by its president Jim Yong Kim. One of the first things the 54-year-old physician and anthropologist did when took office in July 2012 was launch a company-wide survey. He says the majority of the roughly 10,000 employees told him how the bank could be better.

Source: NPR (link opens in a new window)

Categories
Impact Assessment
Tags
banking, lending, poverty alleviation, social development