World Bank review could shift aid away from social sector projects
Source: Bank Information Center
President Paul Wolfowitz called on Francois Bour-guignon, the Bank's chief economist, to develop a new strategy for World Bank aid effectiveness.
Wolfowitz argues that a strategy review is necessary to deal with the ever increasing number of organizations providing aid to the developing world. He said the World Bank needs to find out "what is our comparative advantage and where can we contribute?"
The review raises concerns of where resources will be enhanced or depleted. Bank officials are cited as pushing for increased investment in economic growth operations, while moving away from health, education, and other social sector projects.
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