Almost two-thirds of low-income countries are at risk of debt distress – in part because of higher borrowing costs. And that isn’t the only problem.
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It’s a crucial time for the World Bank, with growing calls for reform and sky-high expectations of what one leader needs to do. A former World Bank official explains the challenges ahead.
The biggest issues at COP27 involve financing for low-income countries hit hard by climate change. A former World Bank official describes some promising signs she’s starting to see.
The power dynamics in the World Bank have changed dramatically.
The World Bank needs to change as part of rethinking the current world order, and giving rising powers and developing countries a meaningful voice.
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Professor of Practice in Climate Policy, University of Oxford
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Professor: International Business & Strategy, Wits Business School, University of the Witwatersrand
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Head: Wits School of Governance, University of the Witwatersrand
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Honorary Professor of International Relations, University of the Witwatersrand
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Professor of Political Science, Michigan State University