More electricity. Fewer cases of diarrhea. Fewer lives lost to deadly storms. These are among the objectives of the development planners and financiers meeting next week in Washington at the World Bank and International Monetary Fund’s annual meetings.
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.
This year, a common theme of those discussions was financing for infrastructure investment in developing countries. I’m disappointed, but not surprised, that these conversations tend to focus exclusively on the need for new bricks-and-mortar infrastructure to meet needs for energy, water, or transport services, and seldom acknowledge the need to maintain the ecological infrastructure that already provides a large portion of those services for many of the world’s poor.
Over the past week World Bank president Jim Kim’s mind seems to have been on water and development. But what does he mean by “water” and how does this relate to the huge water-related development challenges faced by the World Bank’s borrowers?