Financial Times FT.com

World Bank is less and less relevant

By Armeane M Choksi

Published: May 14 2007 03:00 | Last updated: May 14 2007 03:00

From Mr Armeane M. Choksi.

Sir, Your editorial "World Bank crisis becomes perilous" (May 10) assumes that the World Bank has a continuing and relevant global role to play in today's world. Unless the World Bank is totally revamped to make it reflect the realities of today's global capital markets - and that does not even seem to be on the horizon - one would have to ask who really needs the bank as it stands today.

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