Development is how we compete, grow, and stay secure Ajay Banga April 03, 2025 This page in: English Français Español العربية Русский 中文 日本語 © 2025 The World Bank Group

https://blogs.worldbank.org/en/voices/development-is-how-we-compete-grow-and-stay-secure The World Bank was not born of altruism, but of strategic design. Its original purpose, shaped by U.S. interests, was to forge a global economic landscape ripe for private sector investment. This wasn’t charity—it was a calculated move to promote economic growth and prevent instability. Over time, our mission has evolved, sometimes drifting into humanitarian efforts. But during the past two years of reform, we have refocused on our core mandate: driving development and reducing poverty. The resources needed to achieve this require the private sector to be an active player. © 2025 The World Bank Group