Open figure viewer
Subject
World Bank leadership change.
Significance
The arrival of Bulgarian economist Kristalina Georgieva as second-in-command at the World Bank Group may have a steadying effect on the institution, which faces uncertainties over its future size, shape and role as the United States retreats from multilateralism following the election of President Donald Trump.
Impacts
Georgieva’s insider background and experience as EU budget chief will help her argue for continued US funding of the Bank.
The concept of an ‘infrastucture finance cascade’ may weaken arguments that the Bank should withdraw from middle-income countries.
Should the US administration block a World Bank capital deal, emerging economies could desert the Bank and favour new alternatives.
Keywords:
International,
INT,
United States,
China,
EU,
Germany,
Greece,
Japan,
United Kingdom,
Russia,
IMF-World Bank,
Bulgaria,
economy,
international relations,
aid,
foreign policy,
infrastructure,
poverty,
reform,
industry,
climate,
finance,
fiscal,
investment
© Oxford Analytica 2020. All rights reserved. This content contains general information about geopolitical, macroeconomic and social developments or (where stated) other matters. It does not contain advice or recommendations that may be relied on. Where links to external websites are provided, this does not indicate that Oxford Analytica or Emerald agree with, endorse or have checked for accuracy the contents of said sites.
2017
You do not currently have access to this content.
