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The World Bank is an important part of the liberal international order that America created after World War II.
However, this American-led system does not have many friends in the developing world today.
For example, when India and Brazil are reluctant to support Ukraine, Washington is disappointed.
Our leaders see the conflict in Ukraine as a war for the liberal international order rather than a conflict between two nations with opposing nationalisms.
The World Bank is an arm of American policy and is closely tied to US foreign policy.
Past presidents include Robert McNamara, one of the masterminds of the Vietnam War, and Paul Wolfowitz, an architect of the Iraq War.
Developing nations view this liberal international order as a form of imperialism.
The World Bank perpetuates the same bad decision-making that led to the 2008 financial crisis on a global scale.
The technocrats of the liberal order prioritize climate change above all else, and this is reflected in their criticism of Ajay Banga, an Indian businessman who has been nominated to become the next president of the World Bank.
Banga’s lack of experience in climate policy is seen as a problem by development experts, who reinforce an ideological pecking order that puts the green politics of development experts above the business side of development.
For many people in Latin America, Asia, and Africa, the liberal international order means submitting to American ideological obsessions in return for loans that may result in catastrophic malinvestment and crippling debt.
The developing world is entitled to the same industrial growth that has lifted the West to the pinnacle of prosperity.
Climate change is not the crisis that hunger or political insecurity is, and economic disorder lies at the root of those greater, immediate threats.
However, Western money insists that green ideology take priority, exacerbating anti-Americanism.
The World Bank is a cornerstone of the liberal international order, but its association with American foreign policy has made it unpopular in the developing world.
The technocrats of the liberal order prioritize climate change, but this is not always in line with the needs of other nations.
The developing world is entitled to the same opportunities for industrial growth as the West, and Western money should not come at the expense of green ideology.
»World Bank is an arm of American policy closely tied to US foreign policy«
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