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In recent years, as the World Bank's financing role has been eclipsed by the rise of private capital and a surge in money from China, its leaders have been desperately seeking a new mission.The World Bank has tried to reinvent itself as a supplier of global public goods and a "knowledge bank" that provides data, analysis and research to its developing-country clients.When it comes to promoting sound policies, the World Bank has fallen far short in recent decades, exemplified by three major intellectual sins of omission.The first relates to the World Bank's role in the Latin American debt crisis of the early 1980s. Instead, through its structural-adjustment lending, the World Bank, along with the International Monetary Fund, effectively became a debt collector for creditors.The World Bank was also silent when its developing-country clients' access to life-saving medications was being restricted.The World Bank cannot erase its troubling history of silence.
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