How to fix the World Bank

Time for a radical overhaul

World Bank President Jim Yong Kim.
(Image credit: Chip Somodevilla/Getty Images)

The World Bank has a problem: It's dwindling in stature, and its loans to the developing world pale beside the money rolling in from private investors. World Bank Jim Yong Kim's solution? Partner the World Bank with those same private investors. If you can't beat 'em, join 'em.

Unfortunately, that proposal could make things even worse. What the World Bank needs is radical overhaul.

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