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The Political Economy of the World BankThe Early Years$
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Michele Alacevich

Print publication date: 2009

Print ISBN-13: 9780804760652

Published to Stanford Scholarship Online: June 2013

DOI: 10.11126/stanford/9780804760652.001.0001

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At the Root of the Bank's Policy Advice

At the Root of the Bank's Policy Advice

Chapter:
(p.112) Chapter Four At the Root of the Bank's Policy Advice
Source:
The Political Economy of the World Bank
Publisher:
Stanford University Press
DOI:10.11126/stanford/9780804760652.003.0004

This chapter examines the lending policy of the World Bank and the lending instruments it created for developing countries; discusses the Bank's rejection of Lauchlin Currie's loan application for urban development in Barranquilla, Colombia; and analyzes what types of request for financial assistance the Bank rejects. It also highlights the debate on the appropriation of the so-called impact loans and social loans, and discusses the Bank's adoption of a rigid and conservative behavior as a closed financial institution.

Keywords:   lending policy, World Bank, Lauchlin Currie, urban development, financial assistance, impact loans, social loans, closed financial institution, developing countries

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