What Has the World Bank or IMF Ever Gotten Right?

I ask this question in all seriousness: What non-trivial has the World Bank or IMF ever gotten right in their respective forecasts about global financial markets?

Assuming we can’t come up with anything, it’s worth wondering, is it not, why anyone pays any attention to the various and sundry regular economic reports from said institutions. It always strikes me as a textbook example of Philip Tetlock’s classic Expert Political Judgment at work, or, better yet, the old joke about why economists make forecasts — the answer being, of course, because people keep asking them.


  1. If informtoain were soccer, this would be a goooooal!