The World Bank and Governance: A Decade of Reform and Reaction
This timely book offers the first critical examination of World Bank policy reforms and initiatives during the past decade.
The World Bank is viewed as one of the most powerful international organizations of our time. The authors critically analyze the influence of the institution’s policy and engagement during the past decade in a variety of issue areas, including human rights, domestic reform, and the environment.
The World Bank and Governancedelves into the bowels of the World Bank, exploring its organizational structure, professional culture and bureaucratic procedures, illustrating how these shape its engagement with an increasingly complex, diverse and challenging operational environment. The book includes chapters on two under-researched divisions of the World Bank: the International Finance Corporation and the Multilateral Investment Guarantee Agency. Several illuminating country studies are also included, analyzing the World Bank's activities in Argentina, Bolivia, Lebanon, Hungary and Vietnam.
This volume will be of great interest to students and scholars of international relations, development, politics and economics.
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Consequently , a corollary to the inception of the PRSP framework has been the development of new financing instruments to replace structural adjustment lending , namely the Poverty Reduction and Growth Facility ( PRGF ) replacing the ...
Prior to the early 1980s , World Bank financing for member states primarily took the form of ' investment ' or ' project ' lending . Project support operates within a fixed cycle with clearly defined goals , ring - fenced expenditures ...
As the Bank began lending to finance macroeconomic shortfalls , so did the IMF begin lending to stimulate economic growth and development . The establishment of the Structural Adjustment Facility ( SAF ) in 1986 cemented the IMF's role ...
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the challenge of institutionalizing
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