Faced with a tight budget and greater competition for development funds, the World Bank has to be more selective in its lending, according to a draft strategy presented to the bank's executive board last week.
Founded after World War II to help rebuild Europe, the World Bank later focused on lending money to developing countries in order to improve the lives of poor people.
Operating in fragile and wore-torn states and keeping a global presence has strained funds - now tough decisions must be made as departments and programs have to shrink.
More private-public partnerships for basic services like health, education and housing can be expected.
As for middle income countries - they will be expected to rely more on private funding and bilateral loans from emerging markets like China.
Founded after World War II to help rebuild Europe, the World Bank later focused on lending money to developing countries in order to improve the lives of poor people.
Operating in fragile and wore-torn states and keeping a global presence has strained funds - now tough decisions must be made as departments and programs have to shrink.
More private-public partnerships for basic services like health, education and housing can be expected.
As for middle income countries - they will be expected to rely more on private funding and bilateral loans from emerging markets like China.
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