World Bank to Implement Major Reforms

The World Bank is considering undertaking

to make it more effective, efficient and legitimate, World Bank President Robert B. Zoellick told participants of the joint World Bank and International Monetary Fund meeting in Turkey. With the reforms, the bank is expected to improve its effectiveness, accountability and good governance while increasing its operations' cost efficiency.

About the author

  • Ivy Mungcal

    As former senior staff writer, Ivy Mungcal contributed to several Devex publications. Her focus is on breaking news, and in particular on global aid reform and trends in the United States, Europe, the Caribbean, and the Americas. Before joining Devex in 2009, Ivy produced specialized content for U.S. and U.K.-based business websites.