At the Root of the Bank's Policy Advice
At the Root of the Bank's Policy Advice
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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