World Bank/IMF: 50 Years Is Enough

목차

From Reconstruction to Development

The Pressure to Lend

On a Mission from McNamara

New Ideologues and Policy-Based Lending

Mission Accomplished?

본문내용

As the World Bank slouches toward its 50th anniversary, more and more voices are questioning its credibility and its legacy. On May 27, 1993, 11 African heads of state gathered in Libreville, Gabon, where they heard U.S. civil fights leader Jesse Jackson denounce the effects of Bank policies on the poor in the developing world. `They no longer use bullets and ropes. They use the World Bank and IMF,` Jackson declared. In June, Republicans in the U.S. House of Representatives proposed an amendment to eliminate all U.S. funding of one of the Bank`s two principal lending branches, the International Bank for Reconstruction and Development (IBRD). The motion was defeated by only two votes.
The past two years have been particularly difficult for the Bank. Its management defied the recommendations of the Morse Commission Report on India`s Sardar Sarovar Dam and failed to develop meaningful measures to arrest the relentless decline of project quality documented in the Wapenhans report (the internal report found that more than one-third of Bank projects were essentially failing). A review of the Bank`s past half-century shows that these problems are not new.

키워드

Reconstruc,   Lend