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An evaluation of the developmental implications of the World Bank and IMF lending policies

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  • Musa Jega Ibrahim

Abstract

Over the years, development has, both in concept and practice, traversed through several evolutionary stages in consonance with the inadequacies that characterised the series of paradigms that emerged at different epochs. All propositions on development converge on the provision of basic needs such as food, education, health, shelter, safe drinking water as the fundamentals of societal development. The World Bank and IMF have firmly taken the centre stage as the global agents for generating development, through project loans financing, that are usually hinged on policy framework and implementation arrangements that are designed by them (World Bank and IMF). This paper is an incursion into the operational principles of these formidable global lenders in juxtaposition with the essentials of development, so as to explore a measure of the efficacy of their strategies in spearheading development of underdeveloped countries.

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  • Musa Jega Ibrahim, 2006. "An evaluation of the developmental implications of the World Bank and IMF lending policies," Working Papers id:535, eSocialSciences.
    • Handle: RePEc:ess:wpaper:id:535
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