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Crisis? What crisis? The World Bank and Housing Finance for the Poor


  • Elisa Van Waeyenberge

    (Department of Economics, SOAS University of London, UK)


This paper provides a critical assessment of the Bankís housing policies, against the backdrop of far-reaching transformations of the financial sector across the world and a persistently dire shelter situation in developing countries. It situates the Bankís housing stance historically since its initial involvement in the sector in the early 1970s. This allows to shed light on systemic and analytical tendencies bearing on Bank housing policy with significant implications for the Bankís current policy stance, including its response (or lack thereof) to the dramatic experience with housing finance laid bare through the global financial and economic crisis.

Suggested Citation

  • Elisa Van Waeyenberge, 2015. "Crisis? What crisis? The World Bank and Housing Finance for the Poor," Working Papers 191, Department of Economics, SOAS University of London, UK.
  • Handle: RePEc:soa:wpaper:191

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    References listed on IDEAS

    1. Buckley, Robert M. & Mathema, Ashna S., 2007. "Is Accra a superstar city ?," Policy Research Working Paper Series 4453, The World Bank.
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    6. Jamie Peck & Nik Theodore & Neil Brenner, 2013. "Neoliberal Urbanism Redux?," International Journal of Urban and Regional Research, Wiley Blackwell, vol. 37(3), pages 1091-1099, May.
    7. Joseph E. Stiglitz, 1999. "More instruments and broader goals: moving toward the Post-Washington Consensus," Brazilian Journal of Political Economy, Center of Political Economy, vol. 19(1), pages 101-128.
    8. Elisa Van Waeyenberge, 2009. "Selectivity at Work: Country Policy and Institutional Assessments at the World Bank," The European Journal of Development Research, Palgrave Macmillan;European Association of Development Research and Training Institutes (EADI), vol. 21(5), pages 792-810, December.
    9. Unknown, 2005. "Forward," 2005 Conference: Slovenia in the EU - Challenges for Agriculture, Food Science and Rural Affairs, November 10-11, 2005, Moravske Toplice, Slovenia 183804, Slovenian Association of Agricultural Economists (DAES).
    10. Loic Chiquier & Michael Lea, 2009. "Housing Finance Policy in Emerging Markets," World Bank Publications - Books, The World Bank Group, number 2641, December.
    11. Robert M. Buckley & Jerry Kalarickal, 2005. "Housing Policy in Developing Countries: Conjectures and Refutations," The World Bank Research Observer, World Bank, vol. 20(2), pages 233-257.
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    More about this item


    finance; financialisation; housing; shelter; post-Washington Consensus World Bank;
    All these keywords.

    JEL classification:

    • O10 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - General
    • O18 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Urban, Rural, Regional, and Transportation Analysis; Housing; Infrastructure
    • O19 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - International Linkages to Development; Role of International Organizations
    • O29 - Economic Development, Innovation, Technological Change, and Growth - - Development Planning and Policy - - - Other
    • R31 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - Real Estate Markets, Spatial Production Analysis, and Firm Location - - - Housing Supply and Markets

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