The World Bank has always been a complex institution trying to balance the diverse
needs and priorities of its member countries and its shareholders. As the last quarter of 2020
approaches, the World Bank faces global challenges (pandemic, increasing poverty, climate
change) amidst a gradually deglobalizing world. Tensions between two of its major shareholders, the United States and China, have cast doubt on the future of global trade and multilateral cooperation. The runup to the 2020 US presidential election has added to this uncertainty, though regardless of the outcome, there does appear to be bipartisan support for turning inward, cutting ties to China, and reshoring economic activities.

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