The United States has enjoyed the privileged position of largest shareholder and donor at the World Bank and IMF since the institutions’ founding 70 years ago.
CGD Policy Blogs
Last week IMF managing director Christine Lagarde returned to CGD to make good on a pledge she made two years ago during the run-up to the Rio+20 gathering that marked the 20th anniversary of the Rio Earth Summit.
Yesterday in a blog about the World Bank and open contracting, I mentioned the bank had put out more data on contracts that it finances. The covered contracts are those that were large enough for World Bank procurement procedures to mandate “prior review” by bank staff before they were awarded, a designation that covers the considerable majority of bank-financed contract value.
The EBRD has a charter mandate to work in countries “committed to and applying the principles of multiparty democracy, pluralism, and market economics.” And what could be more compelling than Ukraine today?