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A Better Bank

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Obama's curious nomination for the new chief of the World Bank could turn out to be a smart pick -- and an interesting indication of how aid lending is changing for good. Friday's nomination could still be a hopeful sign. It would be great news if the White House's choice of candidate signals that the World Bank Group will move further in the direction of innovating, discovering, and cataloging what works in development, as well as protecting the global commons from the climate to cod stocks -- alongside its more traditional role in financing investment in the world's poorest countries.

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