Jeffrey Sachs: I wanted to be WB Chief

Development economist Jeffrey Sachs, who is in Manila for the 45th Asian Development Bank (ADB) Annual Governors Meeting, said that if Obama had chosen him, he would have steered the multilateral lender into playing a more pronounced role in advancing global development goals, including fighting disease and improving education. Sachs adds, “The World Bank is important because it promotes ideas and convenes government, civil society groups for a common good. It is good when it does that, it fails when it acts like a bank.” 


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