On April 6, 2005 Jo Ritzen, President of Universiteit Maastricht, the Netherlands and former Vice President of Development Economics Department of the World Bank, presented at a seminar organized by the World Bank’s Public Information Center, the InfoShop. The seminar was organized in conjunction with the launch of Ritzen’s new book, A Chance for the World Bank. Phillip Hay, Communications Adviser in the Human Development Network at the World Bank introduced the speaker and moderated the event.
Ritzen reflected on his years at the World Bank and explained what motivated him to write the book. He emphasized that his book attempts to provide an overview of the challenges faced by the World Bank and explore how the governance structure within the organization has influenced its performance.
Ritzen noted that in order for the World Bank to carry out its mission, three important challenges need to be addressed: open agricultural markets for developing countries, aid harmonization and further promotion of good governance and anti-corruption measures.
The discussion period that followed raised questions concerning the need for capacity building by the Bank, the recommendations put forward in the Millennium Ecosystem Assessment report, the impact of the World Bank’s new role as a provider of knowledge as well as a provider of capital, and its involvement with middle-income countries.
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