World Bank: Its Role, Governance and Organizational Culture
Angie G50
Moisés Naím / The World Bank: Its Role, Governance and Organizational Culture
The 50th anniversary of the founding of the Bretton Woods institutions in 1994 prompted a flood of initiatives aimed at assessing the role played by the World Bank and the International Monetary Fund and debating their future. Most of such reassessments begin by stressing how much the world has changed in the 50 years since both organizations were established. From the collapse of communism to the communications and transportation revolution, and from the radical transformation of financial markets to the population explosion, the inventory of the new conditions under which the Bretton Woods institutions have to operate is certainly long. The implication, of course, is that the institutions should adapt their goals and policies to the new realities and then reorganize accordingly.
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