World Bank economic forecasters predicted a slow-down in the global GDP growth to 3.3%. They said the resilience of developing economies would offset the troubles in the
Today things are a bit better since light has been shed on this (thanks to people like Perkins). Many are calling for reform in such organizations. And Mbeki is one of them; actually all of
The World Bank will share with you success stories about their lending. I’ve seen them. I haven’t seen many in Africa. They will quote India, China, Chile, Poland, Vietnam, Botswana, South Korea, Uganda, etc. Some of those may be surprising to you as they are not doing well in an absolute sense (what does that mean?). The problem is that sometimes any country that has been doing relatively well (compared to in the past) can be used as an example and their success attributed to the WB’s work when there are many more factors going on in the country (like with India and China). So it can be questionable. They are definitely doing better than before. But people are still calling for reform, even today. The power needs to be spread a bit more as well.