As Christmas tourists replace COP delegates in the Moon Palace, post-mortems abound. From the World Bank’s standpoint the important question is: what did this really do for the prospects of long term poverty reduction in developing countries? The answer: potentially, a lot. Earlier this week, this subject was discussed at the Board of the World Bank.
Going into Cancun we suggested some stretch-targets that would mark a strong outcome for Cancun for developing countries. Some of these were over-achieved (eg Carbon Markets), some under-achieved (eg agriculture)–but, overall , expectations were more than met.