
This week, observers are paying close attention to the World Bank as it holds its annual autumn meetings with the International Monetary Fund in Marrakech. The nearly 80-year-old institution hopes to reach an agreement on a major plan for reform—which would include scaling up its operations and prioritizing climate change goals.
For critics, reform is long overdue. This edition of Flash Points considers, among other things, the bank’s funding model, governance culture, and track record on poverty alleviation, to examine the challenges that the institution is facing and how to fix it.