From Project Based Lending to Policy Based Lending: An Evaluation of Structural Adjustment Lending Policy of World Bank

Gadde Omprasad ()
Additional contact information
Gadde Omprasad: Sikkim University, India.

Journal of Social and Administrative Sciences, 2016, vol. 3, issue 1, 56-62

Abstract: World Bank lending policies have seen considerable changes in the last half a century. Though the main objectives of establishment of World Bank after the second World War was to provide financial assistance and participate in the reconstruction of the post war devastated economies but within fifty years of its foundation, World Bank has changed its sole objective from providing project based lending to sectoral interference in the economies with policy prescriptions. This policy shift from the World Bank side has witnessed new programmes of lending called Structural Adjustment Loans. This article reviews the original objectives of the Bank and the transformation towards Structural Adjustment Lending which has changed the basic economic policies of many borrower countries and the economies of the world.

Keywords: World Bank; conditionality; Structural Adjustment Loans; Macroeconomic policies. (search for similar items in EconPapers)
JEL-codes: E44 E62 F35 H81 (search for similar items in EconPapers)
Date: 2016
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (1)

Downloads: (external link)
http://www.kspjournals.org/index.php/JSAS/article/download/655/786 (application/pdf)
http://www.kspjournals.org/index.php/JSAS/article/view/655 (text/html)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:ksp:journ4:v:3:y:2016:i:1:p:56-62

Access Statistics for this article

Journal of Social and Administrative Sciences is currently edited by Bilal KARGI

More articles in Journal of Social and Administrative Sciences from KSP Journals Istanbul, Turkey.
Bibliographic data for series maintained by Bilal KARGI ( this e-mail address is bad, please contact ).