Who runs the World Bank?
A team of experts appointed by the US
The World Bank Group (WBG) is a family of five international financing and development agencies that were established along with the International Monetary Fund (IMF) at the Bretton Wood Conference in 1944. The US is the largest shareholder and with the sole right to appoint the World Bank president (the US negiotated this right at Bretton Wood, with the UK negaociating the head of the IMF to be European), but the group is staffed by finance and infrastructure experts, economists, engineers, social scientists, and even anthropologists. Through selling bonds to investors, collecting subscription fees from governments, and net earnings from assets the WBG supplied leans and grants to the world’s poorest countries, enabling projects that have stimulated rural economies. The financing group has allowed the growth of infrastructure in developing nations that could not afford such large projects themselves, but since shifting focus the WBG has also tackled world poverty, improved food production, health, and the environment.
aeaweb.org/articles?id=10.1257/jep.30.1.53 imf.org/external/pubs/ft/exrp/differ/differ.htm