Download The World Bank: Structure and Policies (Global Economic by Christopher L. Gilbert, David Vines PDF

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By Christopher L. Gilbert, David Vines

The realm financial institution is devoted to the merchandising of sustainable fiscal improvement and to poverty aid in the course of the constructing global. The participants to this quantity argue the Bank's maximum asset is its collected wisdom and event of the advance approach, and suggest that it manage itself round the suggestion of a "Knowledge Bank." half I examines the area financial institution as an establishment, reading its constitution. partly II the effectiveness of worldwide financial institution help is evaluated.

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Extra resources for The World Bank: Structure and Policies (Global Economic Institutions)

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Chapter 11 in this volume) note, if conditionality in some form is unavoidable, it is important to examine the costs and bene®ts of alternative forms of conditionality. Policy-change conditionality, in which lending is conditioned on prospective changes in the borrowing government's policies, has not been very effective, and there is no reason to expect this to alter. On the other hand, policy-level conditionality, in which lending is conditioned on the current policies of the borrowing government, limits aid to countries with `good' policy environments, and this may con¯ict with the Bank's poverty mandate.

Part Two is about the Bank's development assistance policies. A major debate is under way about the effectiveness of multilateral aid in stimulating growth and in assisting in poverty reduction (see World Bank, 1998). Some in this controversy have argued that policy conditionality is seldom effective, few now believe that it achieves all that its proponents once sought from it. This part of the book attempts to provide a balanced assessment of the debate on this issue. In chapter 6, Ferreira and Keely 8 Joseph E.

AgeÂnor, M. Miller, D. Vines and A. ), The Asian Financial Crises: Causes, Contagion and Consequences, Cambridge: Cambridge University Press Wolfensohn, J. (1999). htm> World Bank (1993). The Asian Miracle, Washington, DC: World Bank (1998). , Oxford: Oxford University Press (1999). htm> 1 The World Bank: an overview of some major issues1 CHRISTOPHER L. 3 The purpose of this book is to critically examine the rationale of this institution and to describe the policies which it currently carries out, in order to examine whether its objectives are best served by its current mix of activities.

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