Democracy is an illusion! It’s become a political system fostered by the élite, for the élite, in order to fool the people that they have a stake in the system. In actual fact, they have virtually none. The whole political system in the modern era, despite having noble beginnings, is now used to benefit the few at the expense of the many. – Mark Alexander, June 29, 2018
Thursday, 23 November 2023
World Bank President Ajay Banga on ‘Perfect Storm’ of Crises | DW News
Nov 21, 2023 | World Bank CEO Ajay Banga says the world is facing a ‘perfect storm’ of crises and that he is reforming his institution to tackle them. In an interview with DW, he discusses plans to boost lending capabilities, assess risk in a different way and the new mission to eradicate poverty on a livable planet. He also explains how he sleeps at night against a backdrop of multiple challenges: climate change, food insecurity, growing poverty and pandemics. In addition, Banga shares his reaction to Argentina’s new far-right president Javier Milei’s intention to scrap his country’s central bank. Finally, he defines how success looks for him.
