Heads of the IFIs were in Geneva in November for a World Trade Organization conference to take stock of its aid for trade taskforce. Two years since its launch, there is still no accepted definition of ‘aid for trade’, no effective monitoring and evaluation mechanisms, and little or no additional money. Bank president Zoellick announced more of the same for the Bank: resources for infrastructure, private sector support and work on tools to analyse trade obstacles. Trade NGOs have developed aid for trade principles demanding that it: be provided without detrimental conditions; not serve as a quid pro quo for concessions in negotiations; and be additional to existing aid.
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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