Barbados Prime Minister Mia Mottley Calls For World Bank Reform

Barbados Prime Minister Mia Mottley has called for a change in the operations of the World Bank.

The Prime Minister has urged the World Bank to adopt a similar outlook to the International Monetary Fund (IMF) in how it treats with business in a changing global environment.

Miss Mottley told a panel discussion that the World Bank is still a relic of 1945, catering to issues from that era.

The discussion was moderated by Jamaica’s Finance Minister, Dr. Nigel Clarke, with the other panelists being the IMF managing director, Kristalina Georgieva, who is winding up a four-day visit to Barbados, and Canada’s Deputy Prime Minister, Chrystia Freeland.

The Prime Minister told the panel that the World Bank should look to be a financier of global public goods – as the IMF is trying to do – instead of only focusing on financing low-income countries.

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Edited by Jesus Chan

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