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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
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    References listed on IDEAS

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    1. Howard White & Oliver Morrissey,, "undated". "Tailoring Conditionality to Donor-Recipient Relationships," Discussion Papers 97/2, University of Nottingham, CREDIT.
    2. Fafchamps, Marcel, 1996. "Sovereign debt, structural adjustment, and conditionality," Journal of Development Economics, Elsevier, vol. 50(2), pages 313-335, August.
    3. 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.
    4. Rodrik, Dani, 1995. "Why is there Multilateral Lending?," CEPR Discussion Papers 1207, C.E.P.R. Discussion Papers.
    5. 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.
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    Cited by:

    1. Ikhide, Sylvanus I., 2002. "Institutional Reforms and the Role of Multilateral Aid Agencies," WIDER Working Paper Series 119, World Institute for Development Economic Research (UNU-WIDER).
    2. 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.
    3. Matteo Bobba & Andrew Powell, 2006. "Mediación multilateral de la ayuda extranjera," Research Department Publications 4501, Inter-American Development Bank, Research Department.
    4. 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.

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