Is it enough to have an institution with a stated commitment to serving women? Or does an institution have to serve a client base that is proportional to the male-female population in the region? Or are there other factors we need to measure?
It is high time that the Bretton Woods institutions adapted to changing global realities. The next World Bank president will need the legitimacy and wide support that only an open and merit-based selection process can ensure.
If IFC stays on its current path, its portfolio will become larger than the World Bank in about five years. This is a staggering result for IFC, whose portfolio was in the $2 to $4 billion range less than a decade ago.