http://www.washingtonpost.com/opinions/how-i-would-lead-the-world-bank/2012/03/01/gIQAfGbZlR_story.html

How I would lead the World Bank

By Jeffrey Sachs, Published: March 1

My quest to help end poverty has taken me to more than 125 countries,
from mega-city capitals to mountaintop villages, from rain forest
settlements to nomadic desert camps. Now I hope it will take me to
18th and Pennsylvania, to the presidency of the World Bank. I am eager
for this challenge.

Unlike previous World Bank presidents, I don’t come from Wall Street
or U.S. politics. I am a practitioner of economic development, a
scholar and a writer. My track record is to side with the poor and
hungry, not with a corporate balance sheet or a government. Yet the
solutions work for all — the poor, companies, governments and the rest
of us — by creating a more prosperous, healthy and secure world.

I don’t seek the bank presidency because of its financial muscle. The
bank’s net disbursements (disbursements minus repayments of funds from
the International Bank for Reconstruction and Development as well as
the International Development Association) were about $16 billion in
fiscal 2011. That’s a meaningful sum — but global markets easily
eclipse the bank as providers of finance.

The World Bank is potentially far more decisive than a bank. At its
best, the bank serves as a powerhouse of ideas and a meeting ground
for key actors who together can solve daunting problems of poverty,
hunger, disease and environmental degradation. The World Bank should
create a truly international meeting of the minds (a point underscored
by the fact that its highly esteemed lead economist is from China).

I know the power of that approach. In Latin America, Eastern Europe,
Africa and Asia, I’ve been a trusted problem-solver for heads of state
and impoverished villagers. My good fortune to see the world through
the eyes of others, during 30 years working on some of the world’s
most vexing problems, has helped me understand various regions’
challenges and the need for tailored solutions. There are reasons why
what works well in the United States might not work in Nigeria,
Ethiopia or India.

Yet the World Bank is adrift. It is spread too thin. It has taken on
too many fads. It is too disconnected from critical areas of science
and knowledge. Without incisive leadership, the bank has often seemed
like just a bank. And unfortunately, Washington has backed at the helm
bankers and politicians who lack the expertise to fulfill the
institution’s unique mandate.

The World Bank presidency should not be a training ground in
development. Its leader should come to office understanding the
realities of flooded villages, drought-ridden farms, desperate mothers
hovering over comatose, malaria-infected children, and teenage girls
unable to pay high school tuition. More than knowing these realities,
and caring to end them, the bank president should understand their
causes and interconnected solutions.

Solutions to critical problems such as hunger, AIDS, malaria and
extreme deprivation remain unaddressed because of vast gaps in
knowledge, experience and power among those who ultimately need to
work together. I work with scientists who have powerful answers but no
public voice; bankers with ample finance but no clear idea of how to
deploy it; business leaders with powerful technologies but no ways to
reach the poor; civil society with deep community roots but no access
to capital; and politicians who lack the time or experience to forge
solutions.

Finding the graceful way forward, forging the networks that can create
global change, should be the bank’s greatest role. I’ll stand on my
record of helping to create those networks: to launch the Global Fund
to Fight AIDS, Tuberculosis, and Malaria; to bring new support for the
world’s poorest farmers so they can boost yields, production and
income; to scale up the role of community health workers; to translate
debt relief into poverty reduction; to link the poorest countries to
global markets in support of exports for growth; to make mobile
technologies the new edge of development practice; and to link climate
science with solutions.

My role has been to help bring together vastly diverse communities of
knowledge, power, and influence to see what can work in practice and
then to help make it happen.

I am ready to lead the bank into a new era of problem-solving. I will
work with industry, governments and civil society to bring broadband
to clinics, schools and health workers, creating a revolution of
knowledge, disease control, quality education and small businesses. I
will work with agronomists, veterinary scientists, engineers and
communities to build prosperity in impoverished and violence-ridden
dry lands.

I will work with engineers and financiers to harness the solar power
of the deserts in the service of hundreds of millions in Asia and
Africa who lack electricity. I will work with urban planners,
architects and community organizations to help ensure that the
developing world’s mega-cities are places to live and thrive.

This and much more is within our grasp. Properly led, the World Bank
can build bridges among science, business, civil society and finance
that will put sustainable solutions within reach. Let’s get started.


--
Robert Naiman
Policy Director
Just Foreign Policy
www.justforeignpolicy.org
[email protected]
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