Bank President James Wolfensohn announced in mid-July that he was taking a six week sabbatical. He told the Financial Times (14/7/00) he was “exhausted” and planned to go walking and fishing to “try to work out how I’m going to take on the challenge of the next five years.” The paper commented that among the factors which may have prompted him to take time off were the controversies over the China Western Poverty Project and the resignation of Ravi Kanbur as World Development Report lead author.
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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