Indian-American Ajay Banga has taken over as the new President of the World Bank. Along with this, he has also drawn a blueprint on which issues the World Bank will focus on around the world in the coming years, what will be its priorities. Moreover, in which direction the 16,000 employees of the World Bank have to work, they have also fixed 'taxes' for this.
Yes, Ajay Banga, who was once the CEO of Mastercard, has shared a memo with the staff of the World Bank. In this, he has mentioned the priorities of the World Bank, the reforms to be done in it and his vision in the coming years. Let us know what Ajay Banga has said.
Emphasis on climate change and eradicating poverty
Ajay Banga has written in his memo that his emphasis will be on development and climate change. His priority is to create a world that is free of poverty and a livable place. He wants every employee of the World Bank to work in this direction.
In this letter written for the employees, he said that in order to improve our goals, we have to change to make full use of resources. Will have to think with creativity, take measured risks and forge new partnerships with civil society, with multilateral institutions of the world.
Need to improve world bank
Along with this, he has also talked about bringing changes in the functioning of the World Bank and making it more effective. He said that now it takes us up to 3 years to finance a project. We will have to reduce it in the coming days.
The process of project approval is very long and has a system of multiple reviews. This not only wastes important years associated with a project, but also spoils the motivation of the staff. At the same time, it reduces the 'trust' in us among the developing countries.
No comments:
Post a Comment