Late last year, the World Bank announced it had raised a record $52 billion for 2014-2016 borrowing to the International Development Association, the bank’s fund for the world’s poorest countries.
Marking an increase of about 5 percent from the last time the IDA was topped up in 2010, the latest IDA replenishment — the bank’s 17th — was considered all the more significant against the backdrop of tough economic times.
But despite its recent fundraising prowess, the World Bank could potentially be a victim of its own success. This is according to Scott Morris, senior associate at the Center for Global Development, who sat down with Devex reporter Paul Stephens to discuss his most recent paper.