From Supplicants to Shareholders: Developing Countries and the World Bank

Moisés Naim

Chapter 12 in The International Monetary and Financial System, 1996, pp 293-323 from Palgrave Macmillan

Abstract: 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 (search for similar items in EconPapers)
Date: 1996
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DOI: 10.1007/978-1-349-24414-0_12

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