Under President Ajay Banga, the World Bank is making a renewed push to get multilateral development banks to cooperate, not compete, with each other. For Ilan Goldfajn, president of the Inter-American Development Bank, that means being practical and not over-promising what can’t be delivered.
“I think the secret here is to be very precise, very selective. I think we are not in the moment of doing general commitments,” he told Devex at the World Bank-International Monetary Fund annual meetings in Marrakech, Morocco. “I think we need to talk about precise work programs.”
Three of those work programs are likely to be in areas the World Bank and IDB recently agreed to collaborate on: preserving the Amazon rainforest, bolstering Caribbean disaster resilience, and increasing digital access across Latin America.
About the author
Anna Gawel
Anna Gawel is the Managing Editor of Devex. She previously worked as the managing editor of The Washington Diplomat, the flagship publication of D.C.’s diplomatic community. She’s had hundreds of articles published on world affairs, U.S. foreign policy, politics, security, trade, travel and the arts on topics ranging from the impact of State Department budget cuts to Caribbean efforts to fight climate change. She was also a broadcast producer and digital editor at WTOP News and host of the Global 360 podcast. She holds a journalism degree from the University of Maryland in College Park.
