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From Supplicants to Shareholders: Developing Countries and the World Bank

In: The International Monetary and Financial System

Author

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  • Moisés Naim

Abstract

Complaints about the lack of influence that developing countries have on the World Bank are as old as the Bank itself. Over the years, the substance of the complaints varied and their stridency waxed and waned according to the ideological and geo-political fluctuations of the times. However, the central, disappointed, message did not vary. From the insufficiency of funds available to support development to the excessively harsh conditions attached to the loans or to the inattention given by the Bank’s staff to local specificities, ministers representing developing countries have consistently denounced these problems and stressed their frustration at not having a stronger, more influential voice in the Bank.

Suggested Citation

  • Moisés Naim, 1996. "From Supplicants to Shareholders: Developing Countries and the World Bank," Palgrave Macmillan Books, in: G. K. Helleiner (ed.), The International Monetary and Financial System, chapter 12, pages 293-323, Palgrave Macmillan.
    • Handle: RePEc:pal:palchp:978-1-349-24414-0_12
    DOI: 10.1007/978-1-349-24414-0_12
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    Cited by:

    1. Kapur, Devesh, 2002. "The Common Pool Dilemma of Global Public Goods: Lessons from the World Bank's Net Income and Reserves," World Development, Elsevier, vol. 30(3), pages 337-354, March.
    2. Naeem Tabassum & Satwinder Singh, 2020. "Corporate Governance and Organisational Performance," Springer Books, Springer, number 978-3-030-48527-6, December.

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