The World Bank is the frequent target of criticism, protests, and even riots. Critics feel the organization exerts a disproportionate influence on the economies and policies of less powerful nations. As a large, transnational bureaucracy it can be impenetrable at the best of times, moreso if those manning the fiduciary barricades are resistant to change.
Perhaps it is the persistence and extravagance of its detractors, but for whatever reason, the World Bank is taking steps toward greater transparency. It announced yesterday that it would be instituting a new “Open Access policy for its research outputs and knowledge products” begining July 1.
The implications of this policy “for authors, enables the widest possible dissemination of their findings and, for readers, increases their ability to discover pertinent information.”