Audio Interview

Transparency and sustainability: increasing the impact of The World Bank

Published on July 9, 2024   23 min

Other Talks in the Playlist: Interviews with business leaders and scholars

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Interviewer: Today I'm interviewing Bertrand Badré, Managing Partner of Blue like an Orange Sustainable Capital, on his article written with joint author, Peter Henry, published in Project Syndicate on 12th of July 2023, titled Changing the Culture at the World Bank. Mr. Badré has been the managing director of the World Bank and World Bank Group chief financial officer. A link to his fuller biography, books, and other publications accompanies this interview. The subject of the interview is Mr. Badré's opinion that the bank needs a new strategy with a focus on transparency if it is to create real improvements in developing countries. Mr. Badré, thank you for sparing the time. Six immediate questions. One, starting with the past, why did the bank make loans that the borrowers could not service and repay? Two, have I understood your argument correctly that you advocate that the World Bank cannot, as a lender, on its own meet the demand for finance and should increasingly position itself as an advocate broker and joint venture partner. Three, is there a problem that whatever the better level of return on investment it creates, it may be impossible to prevent the borrowing sovereign state misallocating those higher returns? High returns could be wasted.

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Transparency and sustainability: increasing the impact of The World Bank

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