Since the beginning of the Oslo process in 1994, the World Bank has been heavily involved in the development projects of the Palestinian National Authority (PNA) in the West Bank and Gaza Strip. Following Hamas' electoral and military victory and the subsequent ousting of forces loyal to PNA president Abu Mazen from Gaza, Bank development projects and funding have focused more exclusively on the West Bank. The appointment of former Bank employee Salam Fayyad as prime minister in 2007 has only strengthened the Bank's influence on PNA economic and development policies.
The World Bank’s poverty update, which stresses that higher poverty is associated with a faster rate of poverty decline, misses features that warrant a less complacent view. CP Chandrashekar writes in The Hindu.
The World Bank has recently released what it refers to as 'updated' global poverty estimates. Can the Bank’s new estimates be trusted? Can they be trusted more than its own earlier greatly lower poverty estimates, which they are intended to replace? Unfortunately, as economist Sanjay G. Reddy shows, the Bank’s new estimates are based on the same methods it used earlier and are undermined by the same problems as the earlier estimates.