Reported about 1 month ago
World Bank President Ajay Banga emphasized the need for the global lender to adapt and streamline its processes, reflecting on his recent visits to 27 countries from Peru to Tuvalu. He highlighted the urgent demands from countries he visited to provide faster and more effective support in a world facing increased polarization and shared global challenges like climate change and inequality. Banga noted the importance of collaboration with governments and other financial entities to address the job gap expected in emerging markets and reported early successes in reforming the World Bank's operations.
Source: YAHOO