World Bank President Ajay Banga says the institution must “become a bigger bank” to meet current challenges. He also cited the need for more collaboration with organizations like the International Monetary Fund.
“We’re trying to work together on different countries that are challenged, where the IMF has skill sets that (we) don’t have and the World Bank has skill sets that the IMF does not have.”
During his first official visit to Japan, Banga described an internal movement to expand the bank, speed processes and increase collaboration, including among internal departments.
“Poverty alleviation and pandemics, poverty alleviation and climate challenges, poverty alleviation and fragility, conflict, violence — the fact that people thought that you can disconnect each of these challenges from each other is essentially one of the first things we have tried to tackle,” he said.
