As developing countries turn increasingly to private capital markets, the World Bank is facing not only a steep decline in demand for its loans but a crisis of relevancy. Sam Gregg looks at the changing market and how the rules of private lending might also provide a better check on corruption in the developing world. Adieu, World Bank?
The news coming out of the World Bank in recent weeks has largely focused on the departure of Paul Wolfowitz and the nomination of Robert B. Zoellick to head the bank. At the same time, a little noticed power struggle was underway at the World Bank over policies related to “reproductive health” and family planning. Michael Miller takes a closer look at the bank’s Malthusian enthusiasm.