Since I came to the World Bank in 2007, I have argued that we must 'modernize multilateralism.'

It is vital that the World Bank Group continually challenges itself to refresh our development thinking. It is vital that a modernized multilateralism be open to new ideas.

The Congress has had an uneasy relationship with banks and bankers since Alexander Hamilton. It took the United States until 1913 to set up a central bank. The Federal Reserve earned its hard-won independence over years of effort.

The World Bank can only survive if it's spending money.

The World Bank is now the biggest culprit in the debt crisis.

The world is governed by institutions that are not democratic - the World Bank, the IMF, the WTO.