The World Bank has refused a request from the Bretton Woods Project to allow NGOs and others to give their opinions of the successes and failures of the Bank’s Strategic Compact reform initiative. The Bank will produce its own internal assessment, which will inform the coming period of Board-level institutional strategy discussions.
Originally created to help the poor escape poverty and deprivation, the World Bank became the most important advocate for the commercialised microcredit model. Yet, critics argued it undermined the chances of sustainable and equitable development to create a poverty trap of historic proportions.
While the World Development Report (WDR) 2018 on education has some redeeming features, it is part of the Bank's longstanding very narrow view of education, and is silent on education financing.
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