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Unexploited potential? What role can international financial institutions play in drugs and development?

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  • Byrd, William A.

Abstract

This paper assesses the potential for and obstacles to engagement on drugs issues from a development perspective by the World Bank and other International Financial Institutions, based on a review of the World Bank’s experience in Afghanistan as well as more general institutional aspects. Afghanistan demonstrates both the possibilities and benefits as well as the limitations of World Bank/IFI engagement on drugs and development. Prospects for duplicating, let alone exceeding, the level of Bank engagement on drugs seen in Afghanistan would not appear to be good. With pro-active encouragement and support by member countries of the World Bank/IFIs, however, there may be some entry points in major drug-producing countries and relating to global themes such as money-laundering or illicit-economic activities.

Suggested Citation

  • Byrd, William A., 2019. "Unexploited potential? What role can international financial institutions play in drugs and development?," LSE Research Online Documents on Economics 100366, London School of Economics and Political Science, LSE Library.
    • Handle: RePEc:ehl:lserod:100366
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    File URL: https://researchonline.lse.ac.uk/id/eprint/100366/
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    References listed on IDEAS

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    1. repec:wbk:wbpubs:7318 is not listed on IDEAS
    2. World Bank, 2014. "Islamic Republic of Afghanistan Agricultural Sector Review," World Bank Publications - Reports 21733, The World Bank Group.
    3. repec:wbk:wbpubs:2420 is not listed on IDEAS
    4. Byrd, William A., 2008. "Responding to Afghanistan's Opium economy challenge : lessons and policy implications from a development perspective," Policy Research Working Paper Series 4545, The World Bank.
    5. Christopher Ward & David Mansfield & Peter Oldham & William Byrd, 2008. "Afghanistan : Economic Incentives and Development Initiatives to Reduce Opium Production," World Bank Publications - Reports 6272, The World Bank Group.
    Full references (including those not matched with items on IDEAS)

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    JEL classification:

    • F3 - International Economics - - International Finance
    • G3 - Financial Economics - - Corporate Finance and Governance

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