The social and human development dimensions of globalisation including human rights are “critical aspects of the Bank’s efforts in working with the international community to further the Millennium Development Goals.” Bank Management has decided to create a Senior Adviser position in the Managing Director’s Office to advise on the Bank’s position and approaches on these issues. Alfredo Sfeir-Younis has been appointed to this position effective April 2003. Sfeir-Younis was previously the Bank’s Special Representative to the United Nations in Geneva and in New York.
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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