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Since I came to the World Bank in 2007, I have argued that we must 'modernize multilateralism.'

There are differences in the world community. But we have a common interest in a strong multilateral system.

My theory of change is that there are already millions of people working day in and day out on the ground to deliver on promises on global change. We need to strengthen those institutions and help those people in the field.

At the World Bank, we are already working with our clients in developing countries to improve their governance systems, collect taxes, fight corruption, and recover stolen assets.

On big issues like war in Iraq, but in many other issues they simply must be multilateral. There's no other way around. You have the instances like the global warming convention, the Kyoto protocol, when the U.S. went its own way.

The current global landscape is quite different from the not-too-distant past. The process of globalization has intensified, and the world is moving towards new forms of governance.

World Bank is a bank that's focused on economic development and poverty alleviation.

I think one of the main challenges that the World Bank faces is creating an organizational structure that doesn't get in the way of its staff. We have fantastic staff. People told me as I was coming into the organization that the greatest asset of the World Bank Group is its staff, and I think there's no question that that's the case.

At its very heart, Worldchanging is about using the best of people's new ideas, bringing them together and applying them to the massive problems that we all face.

When we've been bold on the Bank of England, on PFI, on great constitutional change, on the New Deal, we've been most successful. So what we have to continue to try and do is to battle with ideas and find new ways of applying those values as the world changes.