Columbia International Affairs Online: Working Papers

CIAO DATE: 05/2015

The World Bank: Why It Is Still Needed and Why It Still Disappoints

Martin Ravallion

April 2015

Center for Global Development

Abstract

Do we still need the World Bank, given how much the global financial sector has expanded since the institution was founded? The paper argues that there is a continuing role for the Bank and that it is complementary to private finance.