Carl Johan von Seth: the world Bank can become the new battleground in the USA's and China's cold war

Every year, the world Bank loans and assistance for the thousands of billions to the world's low - and middle-income countries.

But the bank, which was formed shortly before the end of the war in 1945, is also something more than the sum of these amounts. The influence extends beyond payments. For decades, the bank has pushed for reforms in health, education, agriculture and economic policy.

in Addition, the bank is an important symbol for the multilateral world order that president Trump has challenged.

had an informal monopoly on the office of president of the world Bank (in the format included to Europe subscribe to toppjobbet in systerorganet IMF).

But maybe not for long. The order can be knocked over now that Jim Yong Kim, who was nominated to the post by Barack Obama six years ago, has unexpectedly resigned.

For the first, we have developing countries, the old dissatisfaction with the U.S. monopoly on the job of president. When the american Jim Yong Kim was brought as a candidate was challenged, he of Nigerian finance minister Ngozi Okonjo-Iweala, who failed to break the almost 70-year-long u.s. presidency.

The battle to learn to be brought back to life. And if Trump, for example, proposes any eldfängd 'climate change deniers' – the world Bank pledged recently to 200 billion dollars in climate finance in the coming years – it is obviously easier for others to bring forward a successful alternative.

the bubbling conflict between Washington and Beijing also around the world Bank and the global biståndsstrukturerna.

the Americans have several complaints. One is that China is still granted loans, despite the fact that the country doesn't really have any problems with the financing.

A major perplexities for China's tentacles in the rest of the world. ”Chinese colonialism”, it was when republican Andy Barr recently described the problems surrounding the country's investment in Africa. Donald Trumps security adviser John Bolton has spoken of a kind of hostage-taking of the poor countries.

the Concern is shared by others: China's ”new sidenväg” binds countries and consolidating its global presence through large loans and infrastructure projects. The world bank has received criticism for encouraging Beijing maktprojekt.

set for a tug-of-war. And it is now, just as before, on more than just the money in the world bank's cashier.