The creation of the AIIB means that the International Monetary Fund (IMF) and the World Bank now have an Asian counterpart—one that does not subject its loans...

More than 60 years after the World Bank was founded, developing countries still turn to it for financing and expertise. But the world is changing, and so must the...

As the race to replace Dominique Strauss-Kahn at the IMF heats up, emerging markets finally have a shot at the head table. Here's why they might fail to seize it --...

A major strategic challenge for the United States in the coming decades will be integrating emerging powers into international institutions. To hold the postwar...

Does the current financial crisis resemble Japan's "lost decade" of the 1990s? It may be even worse, argues Robert Madsen. Not so, replies Richard Katz.

Jessica Einhorn discusses World Bank reform.

The World Bank's outdated financial structure is a threat to its continued relevance. Paul Wolfowitz, the bank's new president, should begin closing the wing of the...

To the Editor:

The next World Bank president will confront a nearly impossible challenge: saving the institution from a curious alliance of conservatives and radical activists...

The World Bank Group was a child of World War II, conceived to help developing countries build infrastructure, establish the foundations of economic self-...

The Brady plan, for reducing Third World debt through cuts in principal and/or interest, will probably fail if creditor participation remains voluntary, with each...

Over the past year, the problem of the debt of less-developed countries has been of intense concern not only to the private banks which hold most of that debt, but...

From April 1, 1968 to June 30, 1981, Robert McNamara served as President of the International Bank for Reconstruction and Development, more commonly known as the...

On March 31 of this year, Robert McNamara completed the first five years of his ten-year term as President of the World Bank Group. He has almost doubled in real...

Since the return of convertibility among the currencies of most major industrial countries at the beginning of 1959, a crisis affecting at least one major currency...

In this 1962 article, Barbara Ward Jackson reminds that aid is most effective when it is used to promote long-term development, not when it is used to punish errant...