What I as a former Executive Director of the World Bank pray that any new President of the world’s premier development bank understands
Here comes Brad bgarlinghouse get your CV in
I pray the next president of the world’s premier development bank, the World Bank, understands risk-taking is the oxygen of any development, and so understands the dangers that the Basel Committee’s risk weighted capital requirements for banks pose.
GregMannarino thoughts?
Hmmm. Why? and Why now?
hmm anther one bites the dust
This seems to be more winning for the MAGA agenda.
In the 1990s, the World Bank and the IMF forged the Washington Consensus, policies that included deregulation and liberalization of markets, privatization and the downscaling of government. Basically allowing things like Enron.