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World Bank, in a changed economy, pushes focus to building a middle class - The Washington Post
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A draft of the "Common Vision of the World Bank Group," posted online by Government Accountability Group provides details on how the World Bank sees its mission in 2013. The question relates to what the World Bank's mission should be in a world where develping countries such as China and India have made signficant progress. The fragile and conflict ridden states in Africa and in parts of Asia and Latin America will be critical parts of this mission. Yet a lot remains to be done in China and India, and the World Bank sees its role as facilitating the development of needed infrastructure in India and efforts to control pollution in China, better manage the growth of cities in both countries, and also work in the poorer parts of Europe such as Greece. World Bank president Kim sees the World Bank working with the private sector to ensure that infrastructure projects have "a transformational outcome" to help improve incomes of people struggling to join the middle class.
A new vision for the World Bank in 2013-
04/18/2013
A new vision for the World Bank focusses on the work in India and sub-Shaharan Africa where many of the world's poor live. The focus now shifts to countries where people are entering the middle class but still live only one mishap from falling back. This includes many developing countries such as Mexico and Brazil which are making progress but have large areas where people are struggling to enter the middle class.
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