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Book
Titans or Behemoths
Series: Multilateral Development Banks
Published: 1997
Pages: 212
Paperback: 9781853393006
This concluding book in the Multilateral Development Bank series draws on the insights presented in the other volumes to summarize the present and future of multilateral development banks as a genre of development agencies.
Culpeper goes beyond the scope of the previous volumes in two ways. First, he provides extensive discussion of the World Bank Group - the International Bank for Reconstruction and Development, the International Development Association, and the International Finance Corporation. Secondly, he discusses the evolution of development theory and development-promotion which sets the context for the growth of multilateral development bank activity over the last half-century.
For those with an interest in the role of the multilateral development banks, this book provides an excellent overview of the group.
Culpeper goes beyond the scope of the previous volumes in two ways. First, he provides extensive discussion of the World Bank Group - the International Bank for Reconstruction and Development, the International Development Association, and the International Finance Corporation. Secondly, he discusses the evolution of development theory and development-promotion which sets the context for the growth of multilateral development bank activity over the last half-century.
For those with an interest in the role of the multilateral development banks, this book provides an excellent overview of the group.
| List of Tables xi | |||
|---|---|---|---|
| Foreword, John Lewis xiii | |||
| Preface, Roy Culpeper xv | |||
| Acknowledgments xvii | |||
| List of Acronyms xix | |||
| 1 Introduction 1 | |||
| Three Timely Reasons, 2 | |||
| MDBs at the Crossroads, 10 | |||
| Overview, 11 | |||
| 2 History and Evolution 23 | |||
| Origins, 23 | |||
| Institutional Characteristics, 29 | |||
| The RDBs and the World Bank: | |||
| Comparisons and Relationships, 37 | |||
| 3 MDBs in the 1990s: Reflection and Reform 47 | |||
| Key Policy Implications of the MDB Project, 48 | |||
| The Portfolio Reviews, 58 | |||
| Conclusion: Relations Between the MDBs and | |||
| Related Organizations, 67 | |||
| 4 MDBs as Agents of Change: The Development Impact 71 | |||
| The First Three Decades (1945-1975): From Investment | |||
| to Growth, 72 | |||
| Impact of Multilateral Bank Assistance, 79 | |||
| The Past Two Decades: From Poverty Reduction to Adjustment | |||
| and Back, 83 | |||
| Poverty Reduction, 85 | |||
| Conclusion: Achievements and Prospects for Eliminating | |||
| Poverty, 99 | |||
| 5 MDBs in the Family of Development Cooperation Agencies 107 | |||
| Africa, 108 | |||
| Asia, 110 | |||
| The Americas, 113 | |||
| Eastern and Central Europe and Central Asia, 225 | |||
| Systemic Principles and Structures, 118 | |||
| Harmonizing Evaluation Systems, 223 | |||
| Putting Borrowing Clients in the Driver's Seat: Harmonizing | |||
| Country Strategies, 224 | |||
| Creating a Client Satisfaction Unit, 226 | |||
| Conclusion, 128 | |||
| 6 Key Challenges for the Multilateral Banks: | |||
| Resource Flows and Debt 133 | |||
| Resources, 133 | |||
| Multilateral Debt, 138 | |||
| Nonconcessional Debt, 143 | |||
| Concessional Debt, 246 | |||
| The September 1996 Debt Deal, 247 | |||
| Summary, 249 | |||
| 7 Do the Multilateral Banks Have a Future? 153 | |||
| The Future of Development, 253 | |||
| Toward a Vision for the Twenty-First Century, 255 | |||
| From Vision to Reality, 256 | |||
| From Assistance to Cooperation: A Role for the MDBs, 258 | |||
| From Resource Transfers to Quality Assurance, 260 | |||
| Challenges to the MDBs: Falling Resource Flows and Debt, 262 | |||
| Titans or Behemoths? 264 | |||
| Conclusion, 266 | |||
| Appendix 171 | |||
| Bibliography 177 | |||
| Index 185 | |||
| About the Book and Author 191 |
Roy Culpeper
Roy Culpeper has been president of The North-South Institute in Ottawa, Canada, since 1995. Before joining the Institute in 1986, he was for three years adviser to the Canadian executive director of the World Bank.
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