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From Supplicants to Shareholders: Developing Countries and the World Bank

  • Moisés Naim

Abstract

Complaints about the lack of influence that developing countries have on the World Bank are as old as the Bank itself. Over the years, the substance of the complaints varied and their stridency waxed and waned according to the ideological and geo-political fluctuations of the times. However, the central, disappointed, message did not vary. From the insufficiency of funds available to support development to the excessively harsh conditions attached to the loans or to the inattention given by the Bank’s staff to local specificities, ministers representing developing countries have consistently denounced these problems and stressed their frustration at not having a stronger, more influential voice in the Bank.

Keywords

Executive Director Governance System Donor Country Development Committee Loan Portfolio 
These keywords were added by machine and not by the authors. This process is experimental and the keywords may be updated as the learning algorithm improves.

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References

  1. Culpeper, R. (1993) ‘The Regional Development Banks’, paper prepared for the Bretton Woods Committee, July.Google Scholar
  2. Naim, M. (1994) ‘Latin America’s Journey to the Market: From Macroeconomic Shocks to Institutional Therapy’, mimeo, The Carnegie Endowment, Washington, DC, April.Google Scholar
  3. Nelson, J. and S. Eglinton (1993) Global Goals, Contentious Means: Issues of Multiple Conditionality (Washington, DC: Overseas Development Council).Google Scholar
  4. Shihata, I.F.I. (1991) The World Bank in a Changing World (London: Martinus Nijhoff Publishers).Google Scholar

Copyright information

© UNCTAD 1996

Authors and Affiliations

  • Moisés Naim

There are no affiliations available

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