The World Bank's latest replenishment of its fund for low-income countries succeeded, even surviving the Trump administration and the Department of Government Efficiency budget cuts that hit so many other U.S.-funded programs worldwide earlier this year.
For the bank’s No. 2, continued support for the fund — the International Development Association — will depend on transparency, an orientation toward outcomes, and the willingness to listen.
“I think the fact that there is the call for more accountability, there is the call for outcome orientation, I think is fair,” Axel van Trotsenburg, the bank’s senior managing director, said during a conversation at the Devex Impact House on Wednesday on the sidelines of the World Bank and International Monetary Fund annual meetings.
About the author
Honesty Pern@honypern
Honesty Pern is the Opinions Editor at Devex. Before this, she managed the News Production team, overseeing newsletter, website, and editorial production. Prior to joining Devex in 2017, she worked at an urban rights NGO in Phnom Penh, and she has previously held positions at community-based NGOs in Australia and Russia. She is originally from France.
