World Bank successfully interacts with BRICS Bank, AIIB -- Executive Director
- World Bank exec admits 'deep engagement' with the usual suspects, but insists NDB and AIIB are now in the carpool lane too.
- Neelkanth Mishra, the Bank’s designated diplomat, says eradicating poverty on a 'livable planet' is the priority — vague enough to put on a tote bag.
- The G20’s grand idea: multilateral banks should hold hands and sing kumbaya. Riveting stuff.
- TASS gets the scoop — because who else is covering the Bangkok banker’s circle jerk?
- No word yet on whether 'collaboration' means lending money or just sharing LinkedIn connections.
Brief Summary
In a stunning display of institutional bromance, World Bank Executive Director Neelkanth Mishra revealed that the Bank is now 'engaging well' with the BRICS New Development Bank and the AIIB — at the 'operational level,' which is banker-speak for 'we stopped pretending they don’t exist.' The admission came on the sidelines of the IMF/World Bank fall meeting in Bangkok, where the global financial elite gather to congratulate themselves on solving poverty via powerpoints.
Why This Matters
For the average reader, this is less a story and more a diplomatic shrug. When the World Bank says it 'collaborates' with the NBD and AIIB, it means the global financial order is shifting from 'America first' to 'everyone bring a dish to the potluck.' Practically, this could mean more funding for infrastructure in developing nations without the usual Washington-conditioned strings attached — but don't hold your breath for a check in the mail.