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Submitted by Homi on

Thanks, Elina. Over the years, the Bank has often offered a vision of sharply higher lending, based on various administrative measures, but has never been able to implement that vision. Some argue that is because shareholders don't want too big a bureaucracy, others that there simply isn't the demand from middle income countries because of the complexity of complying with the social and environmental safeguards that accompany Bank financing; and slow speed and cumbersome decision-making is always mentioned. Efforts to improve on these fronts have delivered small gains, but haven't solved the problem yet.