The World Bank and Middle-Income Countries: Business as Usual?

The World Bank Independent Evaluation Group’s new report-Development Results in Middle-Income Countries (MICs) finds that the World Bank’s work with MICs over the past decade has contributed to the growth and significant poverty reduction achieved by those countries. Indeed four-fifths of respondents to an IEG survey of opinion-leaders in MICs said they value the Bank’s programs and services. The report also notes that the Bank’s work needs to yield stronger results in dealing with inequality, corruption and the environment. It makes a clear recommendation: that the Bank should continue to engage with middle-income countries, but depart from business as usual for a greater impact.