Ranis will help assess usefulness of World Bank
Gustav Ranis, the Henry R. Luce Director of the Yale Center for International and Area Studies (see related story), has been named a member of a commission to assess the activities and usefulness of the World Bank and other multilateral banks in emerging markets.
The commission has been set up by the Carnegie Endowment for International Peace, Emerging Market Partners and the Inter-American Dialogue.
Skeptics have argued that multilateral development banks are no longer relevant for countries with reasonable access to capital. The commission will examine this use and recommend new policies appropriate to today's global economy. It will present its final report and recommendations to the policy community in the United States and abroad at the time of the April 2001 meetings of the World Bank and International Monetary Fund.
The commission is cochaired by former U.S. Federal Reserve chair Paul Volcker and former Mexican finance minister José Angel Gurria.
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