Introduction to the World Bank

The World Bank was founded in 1944 with a mission to finance reconstruction after World War II. This mission later evolved into reducing global poverty and promoting development. Over the decades, the mission has remained largely the same, but the methods have evolved, often through trial and error.

Evolution of the World Bank’s Mission

The World Bank’s primary goal has always been to alleviate poverty and promote sustainable development. However, the approach to achieving this goal has changed significantly over the years. The institution has learned from its experiences and adapted its strategies to better address the complex challenges of global poverty and development.

A Conversation with Axel van Trotsenburg

Charles Pellegrin had the opportunity to speak with Axel van Trotsenburg, the outgoing Executive Director of the World Bank. With almost 40 years of experience at the institution, van Trotsenburg has witnessed firsthand the evolution of the World Bank’s mission and methods.

Reflecting on Four Decades of Experience

Van Trotsenburg’s tenure at the World Bank has spanned nearly four decades, during which he has seen the institution navigate numerous challenges and successes. His insights into the World Bank’s history and its current state provide valuable context for understanding the complexities of global development.

The Future of the World Bank

As the World Bank continues to evolve, it is likely that its methods will continue to change in response to new challenges and opportunities. With its mission remaining steadfast, the institution will likely remain a key player in global efforts to reduce poverty and promote sustainable development. The conversation with van Trotsenburg offers a unique perspective on the World Bank’s past, present, and future, highlighting the importance of adaptability and perseverance in the pursuit of a more equitable world.