Saving the World Bank

Mallaby, Sebastian
May 2005
Foreign Affairs;May/Jun2005, Vol. 84 Issue 3, p75
Offers a look at the World Bank and its role in managing globalization. Role of the World Bank in providing international economic assistance to developing countries; Description of the World Bank's operations, including commercial lending and soft loans; Discussion of the World Bank's debt relief efforts; Challenges posed to the World Bank by conservatives and liberal activists; Reference to the book "And the Money Kept Rolling In (and Out)," by Paul Blustein; Desire of conservatives to free the market; Desire of liberal activists to tie commercial lending to environmental and social standards.


Related Articles

  • World Bank.  // Essential Economics;2004, p277 

    A description of the economic institution, the World Bank (WB), is presented. WB was created with the International Monetary Fund (IMF) in Bretton Woods, New Hampshire in 1944. It was opened in 1946. Three main branches comprised WB, referring to the International Bank for Reconstruction and...

  • Lender's risk incentive and debt concession. Isagawa, Nobuyuki // International Review of Economics & Finance;2006, Vol. 15 Issue 2, p141 

    Abstract: This paper demonstrates that a lender''s risk incentive may render it difficult to conduct efficient debt renegotiation. When a lending bank has a risk incentive, the bank is not likely to make a debt concession, even though such a concession could resolve inefficiencies caused by a...

  • Why Are Developing Nations So Slow to Play the Default Card in Renegotiating Their Sovereign Indebtedness? Buckley, Ross P. // Chicago Journal of International Law;Summer2005, Vol. 6 Issue 1, p345 

    The reasons are examined behind the reluctance of developing nation debtors to stop servicing their debt and to default in order to strengthen their power in the renegotiation of their debt. It considers the history of sovereign debt crises, and the decision of the U.S. and England to repeal the...

  • Skipton to raise maximum FTB loan size to £500,000. Thomas, Paul // Money Marketing (Online Edition);6/13/2013, p41 

    The article reports that maximum loan size for first-time buyers is being increased by Skipton Building Society to accommodate borrowers in areas with high house prices. It is noted that for 90 percent loan-to-value mortgages, the lender's maximum loan size for all other borrowers is 163;1m...

  • Developing Countries: Switching Some Multilateral Loans to Grants Lessens Poor Country Debt Burdens: GAO-02-593.  // GAO Reports;4/19/2002, p1 

    Last year the United States proposed that the World Bank and other development banks distribute more grants to the world's poorest countries to help ease their long-term debt burdens. The United States recommended that grants replace up to half of all future lending. The proposal has been...

  • Policies and Efforts of Bilateral Donors.  // DAC Journal;2005, Vol. 6 Issue 1, p71 

    The trend in DAC member countries' aid volumes is generally upward, reflecting moves to fulfill commitments made at the Conference on Financing for Development in Monterrey in 2002. A significant portion of the increased volume, however, came in the form of debt relief. DAC members also reported...

  • Developing Countries: Status of the Heavily Indebted Poor Countries Debt Relief Initiative: NSIAD-98-229.  // GAO Reports;9/30/1998, p1 

    In response to a call from leaders of the major industrialized nations for a comprehensive approach to the debt problems of the poorest countries, the World Bank and the International Monetary Fund proposed the Heavily Indebted Poor Countries Debt Initiative in 1996. Creditors, including the...

  • G8 Agrees US$40bn Debt Relief Deal.  // West & Central Africa Monitor;Aug2005, Vol. 6 Issue 8, p1 

    The article reports that on June 11, 2005 the G8 countries agreed to cancel 100% of debts owed to multilateral institutions by 18 of the world's poorest countries, 14 of which are in Africa. The total debt owed by the 18 amounted to U.S.$40bn. Under the terms of the deal, struck in London,...

  • Relief Bolsters Prospects.  // West & Central Africa Monitor;Jan2007, Vol. 8 Issue 1, p6 

    The article reports that after reaching the completion point of the World Bank and International Monetary Fund's initiative, Cameroon has qualified for debt relief from its prominent creditors. The government's draft budget of 2007 comprises of proposed cuts in tax and import duties of basic...


Read the Article


Sorry, but this item is not currently available from your library.

Try another library?
Sign out of this library

Other Topics