• A bold target for the World Bank
The Globe and Mail (Canada) carried an article based on a lunch conversation with Jim Yong Kim, medical doctor, medical anthropologist, and former university president, marking the end of his first year as president of the World Bank. The article discusses the pros and cons of targets. Targets, even wildly improbable ones, can inspire action and achieve change, even if the target is not achieved. Or they can create embarrassment when failure is seen as the outcome.

Kim explains his dedication to a new World Bank target of eliminating extreme poverty worldwide by 2030. He is quoted as saying, “What would be really frightening to me is if people like me, people like the World Bank staff, were so concerned about their own lives that they would not grab the opportunity to set a bold target … It took a very long time to convince people that we should have this target, but now that we do, I just see it as a huge gift…”
[Blogger’s note: no one would argue that eliminating poverty, especially extreme poverty, is not a laudable goal. The question arises, though, of the chosen policy pathways toward the goal. Unfortunately for many small scale communities in developing countries, Kim plans to promote large dam construction and hydroelectric development which will destroy such people’s livelihoods].
• World Bank in Africa on the decline?
The New York Times published an op-ed on the declining importance of World Bank loans to Africa in spite of new World Bank efforts, especially in the Democratic Republic of the Congo. The authors argue that: “The World Bank has done important work in promoting good governance and evaluating reform efforts. But its latest pledge of aid to the Democratic Republic of the Congo sends a very mixed message, coming at a time when the International Monetary Fund has been cutting its loan programs to the country because of concerns about poor governance.”

World Bank Director Jim Yong Kim is quoted as saying: “There are always going to be problems and downsides with the governance of places that are fragile [but he adds that through investment and aid]…we can both reduce the conflict and improve governance.” The authors point out that Kim’s argument assumes that more World Bank spending means better government. Despite the billions in aid the D.R.C. has already received, however, “Kinshasa has not felt compelled to improve. It’s not clear why the bank’s new effort will be different.”








