The World Financial institution was created in 1944 with a easy mission: to finance reconstruction post-World Conflict II, a mandate that later developed into lowering world poverty and fostering improvement. Over the a long time, the mission has broadly stayed the identical, however the strategies have developed – typically by means of trial and error. Charles Pellegrin speaks to Axel van Trotsenburg, the outgoing senior managing director of the World Financial institution, who has been a part of the establishment for practically 40 years.
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Challenges facing the World Bank today: High debt, low aid and slow growth
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