IDEAS home Printed from https://ideas.repec.org/a/wly/jintdv/v9y1997i4p507-516.html
   My bibliography  Save this article

The World Bank And Conditionality

Author

Listed:
  • RAUL HOPKINS

    (Queen Mary and Westfield College, London, UK)

  • ANDREW POWELL

    (Central Bank of Argentina, Buenos Aires, Argentina)

  • AMLAN ROY

    (Queen Mary and Westfield College, London, UK)

  • CHRISTOPHER L. GILBERT

    (Queen Mary and Westfield College, London, UK)

Abstract

The World Bank has evolved over its fifty years of operation so that it simultaneously exercises a number of different functions. We identify three: the Bank as a bank; as a development agency; and as development research institution. We argue that the role of conditionality is crucial to understanding the World Bank's operations. The Bank applies conditionality as part of its development mission. Its ability to do so gives the Bank a comparative advantage in enforcement of debt service. This generates a complementarity between the Bank's development agency and banking functions, creating an externality. The scope of conditionality, and their implications for the World Bank are also examined, in the light of recent discussions on the subject. © 1997 by John Wiley & Sons, Ltd.

Suggested Citation

  • Raul Hopkins & Andrew Powell & Amlan Roy & Christopher L. Gilbert, 1997. "The World Bank And Conditionality," Journal of International Development, John Wiley & Sons, Ltd., vol. 9(4), pages 507-516.
    • Handle: RePEc:wly:jintdv:v:9:y:1997:i:4:p:507-516
    DOI: 10.1002/(SICI)1099-1328(199706)9:4<507::AID-JID460>3.0.CO;2-7
    as

    Download full text from publisher

    To our knowledge, this item is not available for download. To find whether it is available, there are three options:
    1. Check below whether another version of this item is available online.
    2. Check on the provider's web page whether it is in fact available.
    3. Perform a search for a similarly titled item that would be available.

    References listed on IDEAS

    as
    1. Fafchamps, Marcel, 1996. "Sovereign debt, structural adjustment, and conditionality," Journal of Development Economics, Elsevier, vol. 50(2), pages 313-335, August.
    2. Jonathan Eaton & Mark Gersovitz & Joseph E. Stiglitz, 1991. "The Pure Theory of Country Risk," NBER Chapters, in: International Volatility and Economic Growth: The First Ten Years of The International Seminar on Macroeconomics, pages 391-435, National Bureau of Economic Research, Inc.
    3. Howard White & Oliver Morrissey,, "undated". "Tailoring Conditionality to Donor-Recipient Relationships," Discussion Papers 97/2, University of Nottingham, CREDIT.
    4. Johnson, J.H. & Wasty, S.S., 1993. "Borrower Ownership of Adjustment Programs and the Political Economy of Reform," World Bank - Discussion Papers 199, World Bank.
    5. Tony Killick, 1996. "Principals, Agents and the Limitations of BWI Conditionality," The World Economy, Wiley Blackwell, vol. 19(2), pages 211-229, March.
    6. Susanna Davies, 1992. "Green conditionality and food security: Winners and losers from the greening of aid," Journal of International Development, John Wiley & Sons, Ltd., vol. 4(2), pages 151-165, March.
    7. Rodrik, Dani, 1995. "Why is there Multilateral Lending?," CEPR Discussion Papers 1207, C.E.P.R. Discussion Papers.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Sylvanus I. Ikhide, 2002. "Institutional Reforms and the Role of Multilateral Aid Agencies," WIDER Working Paper Series DP2002-119, World Institute for Development Economic Research (UNU-WIDER).
    2. Kanbur, Ravi, 2006. "The economics of international aid," Handbook on the Economics of Giving, Reciprocity and Altruism, in: S. Kolm & Jean Mercier Ythier (ed.), Handbook of the Economics of Giving, Altruism and Reciprocity, edition 1, volume 1, chapter 26, pages 1559-1588, Elsevier.
    3. Ho-Chul Lee & McNulty, Mary P., 2003. "East Asia's dynamic development model and the Republic of Korea's experiences," Policy Research Working Paper Series 2987, The World Bank.
    4. Matteo Bobba & Andrew Powell, 2006. "Multilateral Intermediation of Foreign Aid: What is the Trade-Off for Donor Countries?," Research Department Publications 4500, Inter-American Development Bank, Research Department.
    5. Matteo Bobba & Andrew Powell, 2006. "Mediación multilateral de la ayuda extranjera," Research Department Publications 4501, Inter-American Development Bank, Research Department.

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Plaut, Steven E. & Melnik, Arie L., 2003. "International institutional lending arrangements to sovereign borrowers," Journal of International Money and Finance, Elsevier, vol. 22(4), pages 459-481, August.
    2. Marcel Fafchamps & Flore Gubert, 2007. "Contingent Loan Repayment in the Philippines," Economic Development and Cultural Change, University of Chicago Press, vol. 55(4), pages 633-667, July.
    3. Spiros Bougheas & Indraneel Dasgupta & Oliver Morrissey, 2011. "Repayment versus Investment Conditions and Exclusivity in Lending Contracts," Journal of Institutional and Theoretical Economics (JITE), Mohr Siebeck, Tübingen, vol. 167(2), pages 247-265, June.
    4. Araújo, Carlos Hamilton Vasconcelos, 2002. "Political risk, incentives and international credit market equilibrium," Brazilian Review of Econometrics, Sociedade Brasileira de Econometria - SBE, vol. 22(2), November.
    5. Gina Yannitell Reinhardt, 2006. "Shortcuts and Signals: An Analysis of the Micro‐level Determinants of Aid Allocation, with Case Study Evidence from Brazil," Review of Development Economics, Wiley Blackwell, vol. 10(2), pages 297-312, May.
    6. Christoph Trebesch, 2019. "Resolving sovereign debt crises: the role of political risk," Oxford Economic Papers, Oxford University Press, vol. 71(2), pages 421-444.
    7. Alfaro, Laura & Kanczuk, Fabio, 2009. "Optimal reserve management and sovereign debt," Journal of International Economics, Elsevier, vol. 77(1), pages 23-36, February.
    8. Independent Evaluation Group, 2008. "Independent Evaluation of IFC's Development Results 2008 : IFC's Additionality in Supporting Private Sector Development," World Bank Publications - Books, The World Bank Group, number 6576, December.
    9. Ho, Amy Yueh-Fang & Liang, Hsin-Yu & Jian, Jhih-Shan, 2023. "How does national culture affect the spillover effects of sovereign ratings on corporate ratings?," International Review of Economics & Finance, Elsevier, vol. 84(C), pages 671-691.
    10. Ana-Maria Fuertes & Elena Kalotychou, 2004. "Forecasting sovereign default using panel models: A comparative analysis," Computing in Economics and Finance 2004 228, Society for Computational Economics.
    11. McCourt, Willy, 2003. "Political Commitment to Reform: Civil Service Reform in Swaziland," World Development, Elsevier, vol. 31(6), pages 1015-1031, June.
    12. Christopher Kilby, 2006. "Donor influence in multilateral development banks: The case of the Asian Development Bank," The Review of International Organizations, Springer, vol. 1(2), pages 173-195, June.
    13. Epstien, Gerald & Gintis, Herbert, 1989. "International Capital Markets and the Limits of National Economic Policy," WIDER Working Papers 295606, United Nations University, World Institute for Development Economic Research (UNU-WIDER).
    14. Joshua Aizenman & Stephen J. Turnovsky, 2002. "Reserve Requirements on Sovereign Debt in the Presence of Moral Hazard -- on Debtors or Creditors?," Economic Journal, Royal Economic Society, vol. 112(476), pages 107-132, January.
    15. Mohamed Boly, 2018. "CO 2 mitigation in developing countries: the role of foreign aid," Working Papers halshs-01740881, HAL.
    16. Bulow, Jeremy & Rogoff, Kenneth, 1989. "Sovereign Debt: Is to Forgive to Forget?," American Economic Review, American Economic Association, vol. 79(1), pages 43-50, March.
    17. Sheng, Andrew & Singh, Ajit, 2012. "The Challenge of Islamic Finance," MPRA Paper 53044, University Library of Munich, Germany.
    18. Yilmaz AKYüZ, 2005. "Reforming The Imf: Back To The Drawing Board," G-24 Discussion Papers 38, United Nations Conference on Trade and Development.
    19. Alice Nicole Sindzingre, 2015. "‘Policy Externalisation’ Inherent Failure: International Financial Institutions’ Conditionality in Developing Countries," Post-Print hal-01668367, HAL.
    20. Nunnenkamp, Peter, 1993. "The return of foreign capital to Latin America: good news from the reform front or a case for policy intervention?," Kiel Working Papers 574, Kiel Institute for the World Economy (IfW Kiel).

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:wly:jintdv:v:9:y:1997:i:4:p:507-516. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Wiley Content Delivery (email available below). General contact details of provider: http://www3.interscience.wiley.com/journal/5102/home .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.