Bank Quote by Sanjaya Baru
“If the World Bank does not alter its shareholding structure to reflect the shifts in global distribution of income and economic power, its role may get marginalised as regional institutions fill the vacuum.”
About This Quote
It warns that the World Bank must adjust its ownership to stay relevant as economic power shifts, otherwise regional bodies will replace it.
In simple terms: World Bank needs to change shareholding or risk losing relevance.
Adapt to stay relevant.
Themes
Mood
Type
When to use this quote
- policy negotiations
- development projects
- international finance
- regional cooperation
Key Concepts
Questions to Reflect On
- How can the World Bank reform without destabilizing its mission?
- What role should regional institutions play?
Changing shareholding is politically complex and may face resistance.