With no less than seven references to a certain Colombian singer, the final edition of the annual spoof newsletter Bank Swirled, produced by anonymous Bank staff (we hope in their spare time), has been published. A hat tip to the “World Bank’s 132-person Offshore Humor Team” for 26 years of parodying the Bank. We count ourselves lucky that we never could get all the jokes.
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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