Abstract
Is it possible for a multilateral development bank,1 funded primarily by the developed market economies, to implement effectively a lending programme in the developing countries aimed not only at promoting economic growth but at alleviating poverty and raising living standards in rural areas? This was one of the principal challenges put to the multilateral banks in the early 1970s, as the development priorities of the international donor community shifted from the straightforward promotion of growth to policies and programmes aimed more directly at reducing poverty, narrowing income disparities and creating employment in developing countries. It is also a challenge to which the extensive literature assessing the role and performance of aid agencies suggests that these banks have been less than successful in responding.
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Notes and References
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© 1988 Robert Wihtol
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Wihtol, R. (1988). Introduction. In: The Asian Development Bank and Rural Development. St Antony’s/Macmillan Series. Palgrave Macmillan, London. https://doi.org/10.1007/978-1-349-10200-6_1
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DOI: https://doi.org/10.1007/978-1-349-10200-6_1
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