The World Bank Group Sanctions Process and Its Recent Reforms
The World Bank is one of the world's premier international financial institutions. It provides low-interest loans, interest-free credits, and grants to developing countries for a wide array of purposes that include investments in education, he...
| Main Authors: | , |
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| Format: | Publication |
| Language: | English |
| Published: |
World Bank
2012
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| Subjects: | |
| Online Access: | http://www-wds.worldbank.org/external/default/main?menuPK=64187510&pagePK=64193027&piPK=64187937&theSitePK=523679&menuPK=64187510&searchMenuPK=64187283&siteName=WDS&entityID=000333038_20111117225904 http://hdl.handle.net/10986/2373 |
| Summary: | The World Bank is one of the
world's premier international financial institutions.
It provides low-interest loans, interest-free credits, and
grants to developing countries for a wide array of purposes
that include investments in education, health, public
administration, infrastructure, financial and private sector
development, agriculture, and environmental and natural
resource management, with aggregate new lending commitments
of approximately $60 billion and aggregate outstanding loans
and credits of $230 billion in Fiscal Year 2010. With the
financial support provided by the Bank, borrowers implement
projects and programs, including the procurement of goods,
works, and services necessary to carry out the project or
program activities. The study begins by outlining the
principal features of the Bank Group's sanctions
process as it exists today (part two) and sketches some the
key consideration underlying reform of the Bank's
sanctions process (part three). It then describes how those
considerations have influenced the historical evolution of
the sanctions process (part four), with particular focus on
the recent changes that the Bank has adopted to improve the
efficiency, effectiveness, and procedural of that process
(part five). Finally, it concludes by reflecting on some of
the longer-term implications of the reform process to date
(part six). |
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