Challenges facing the World Bank today: High debt, low aid and slow growth
Update: 2025-11-21
Description
The World Bank was created in 1944 with a simple mission: to finance reconstruction post-World War II, a mandate that later evolved into reducing global poverty and fostering development. Over the decades, the mission has broadly stayed the same, but the methods have evolved – often through trial and error. Charles Pellegrin speaks to Axel van Trotsenburg, the outgoing senior managing director of the World Bank, who has been part of the institution for nearly 40 years.
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