When it comes to the World Bank and other multilateral foreign aid organizations, the first Trump administration does not give us confidence that taxpayers won’t be burdened with more pain in the second. In 2018, Treasury Secretary Mnuchin agreed to a major increase in the capital of the International Bank for Reconstruction and Development. It…
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DOGE Poster Child for Waste: The World Bank
As DOGE reviews all federal spending for wasteful, failed programs, it should train its focus on the myriad failures of foreign aid. There are few better examples of expansion in the face of continued failure. The World Bank is our poster child. In his Message from the President in bank’s 2024 annual report, the World…
DEI is Alive and Well at the World Bank
Despite the removal of DEI policies, personnel and offices in U.S. federal departments, these are alive and thriving at taxpayer expense at the World Bank and other multilateral development banks. Just a few examples of publications and job postings tell the story: World Bank DEI Report World Bank Group Gender Strategy 2024-2030 IMF Policy Paper:…