The Group is making significant efforts in supporting the development of infrastructure needed for private sector growth. It is time to make an additional, targeted effort on the human capital agenda. To this end, improving incentives to foster effective investments in health, education, and social development is essential.
The WBG’s financing should continue to focus on long-term development goals, rather than short-term responses to temporary imbalances. This does not mean that the Bank and the IFC have no role to play in economic crises, but good division of labor requires avoiding overlap with IMF instruments.