• News
    • Latest news
    • News search
    • Health
    • Finance
    • Food
    • Career news
    • Content series
    • Try Devex Pro
  • Jobs
    • Job search
    • Post a job
    • Employer search
    • CV Writing
    • Upcoming career events
    • Try Career Account
  • Funding
    • Funding search
    • Funding news
  • Talent
    • Candidate search
    • Devex Talent Solutions
  • Events
    • Upcoming and past events
    • Partner on an event
  • Post a job
  • About
      • About us
      • Membership
      • Newsletters
      • Advertising partnerships
      • Devex Talent Solutions
      • Contact us
Join DevexSign in
Join DevexSign in

News

  • Latest news
  • News search
  • Health
  • Finance
  • Food
  • Career news
  • Content series
  • Try Devex Pro

Jobs

  • Job search
  • Post a job
  • Employer search
  • CV Writing
  • Upcoming career events
  • Try Career Account

Funding

  • Funding search
  • Funding news

Talent

  • Candidate search
  • Devex Talent Solutions

Events

  • Upcoming and past events
  • Partner on an event
Post a job

About

  • About us
  • Membership
  • Newsletters
  • Advertising partnerships
  • Devex Talent Solutions
  • Contact us
  • My Devex
  • Update my profile % complete
  • Account & privacy settings
  • My saved jobs
  • Manage newsletters
  • Support
  • Sign out
Latest newsNews searchHealthFinanceFoodCareer newsContent seriesTry Devex Pro
    • News
    • The future of multilateralism

    Is America's hold on the World Bank at an end?

    The rise of new multilateral financial institutions led by emerging economies signal unprecedented change for multilateral finance. Will the World Bank break from its long-standing tradition and place a non-American at its helm in just two years' time?

    By Jeff Tyson // 30 June 2015

    Multilateral finance for global development and poverty reduction is in the midst of unprecedented change, and the World Bank is seeking ways to respond.

    The emergence of the new China-led Asian Infrastructure Investment Bank and the New Development Bank led by Brazil, Russia, India, China and South Africa signal the growth of a new development landscape removed from the Western-led Bretton Woods model. Emerging and developing countries are asserting themselves as stronger actors for finance and economic growth.

    Despite the rise of new actors, the United States has so far maintained its hold on World Bank leadership. With nearly 16 percent of shares, the U.S. is the bank’s largest shareholder and the president of the United States has picked the head of the institution since its founding.

    This article is free to read - just register or sign in

    Access news, newsletters, events and more.

    Join usSign in

    Read more stories on the World Bank:

    ► Inside Jim Kim's 'science of delivery'

    ► Jim Kim reorganizes 'global practices,' appoints senior staff

    ► Too sexy for procurement reform? The World Bank hopes not

    ► How to consult your way into the World Bank

    ► Hiring at the World Bank: 4 sectors to watch

    • Banking & Finance
    • Funding
    • Washington, D. C., District of Columbia, United States
    Printing articles to share with others is a breach of our terms and conditions and copyright policy. Please use the sharing options on the left side of the article. Devex Pro members may share up to 10 articles per month using the Pro share tool ( ).

    About the author

    • Jeff Tyson

      Jeff Tyson@jtyson21

      Jeff is a former global development reporter for Devex. Based in Washington, D.C., he covers multilateral affairs, U.S. aid, and international development trends. He has worked with human rights organizations in both Senegal and the U.S., and prior to joining Devex worked as a production assistant at National Public Radio. He holds a master's degree in journalism from Columbia University and a bachelor’s degree in international relations and French from the University of Rochester.

    Search for articles

    Related Stories

    Devex NewswireDeep dive: Great expectations for multilateral development banks

    Deep dive: Great expectations for multilateral development banks

    World BankIn a changing world, where do World Bank reforms stand?

    In a changing world, where do World Bank reforms stand?

    Devex Pro LiveUS Congressman French Hill: World Bank 'way off course'

    US Congressman French Hill: World Bank 'way off course'

    World BankCould the future of the World Bank be outside of Washington?

    Could the future of the World Bank be outside of Washington?

    Most Read

    • 1
      Exclusive: A first look at the Trump administration's UNGA priorities
    • 2
      Opinion: AI-powered technologies can transform access to health care
    • 3
      WHO anticipates losing some 600 staff in Geneva
    • 4
      AIIB turns 10: Is there trouble ahead for the China-backed bank?
    • 5
      Opinion: How climate philanthropy can solve its innovation challenge
    • News
    • Jobs
    • Funding
    • Talent
    • Events

    Devex is the media platform for the global development community.

    A social enterprise, we connect and inform over 1.3 million development, health, humanitarian, and sustainability professionals through news, business intelligence, and funding & career opportunities so you can do more good for more people. We invite you to join us.

    • About us
    • Membership
    • Newsletters
    • Advertising partnerships
    • Devex Talent Solutions
    • Post a job
    • Careers at Devex
    • Contact us
    © Copyright 2000 - 2025 Devex|User Agreement|Privacy Statement