World Bank leaders are gearing up for a daunting task: cutting the number of staff especially at the multilateral institution’s cushy Washington headquarters without prompting popular dissent.
Rumors have been flying about impending job cuts since last fall, when senior management announced the goal of slashing $400 million from the bank’s operating budget as a part of President Jim Kim’s ambitious reform plans. But until recently, they were just that — rumors.
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About the author
Paul Stephens
Paul Stephens is a Devex staff writer based in Washington, D.C. His coverage focuses on Latin America and World Bank affairs, as well as Washington's global development scene. As a multimedia journalist, editor and producer, Paul has contributed to the Los Angeles Times, Washington Monthly, CBS Evening News, GlobalPost and the United Nations magazine, among other outlets. He's won a grant from the Pulitzer Center on Crisis Reporting for a 5-month, in-depth reporting project in Yemen after two stints in Georgia - one as a Peace Corps volunteer and another as a communications coordinator for the U.S. Agency for International Development.
