Rethinking Bretton Woods, Vol. 3

The World Bank, Lending on a Global Scale

In the wake of the 50th anniversary of the founding of the World Bank and the IMF, and as we enter a new century, a review of the Bretton Woods institutions is urgently needed. In this volume Owodunni Teriba presents an African perspective of the difficulties of structural adjustment and the humiliation of African governments by donor agencies; C.P. Chandrasekhar offers a sweeping critique of structural adjustment policy, proposing a detailed alternative; Barend A. de Vries examines the history and results of the World Bank’s focus on poverty alleviation; Jacklyn Cock and E.C. Webster argue that many development projects are flawed by neglect of the social and environmental impacts and inadequate, levels of public participation; David Gillies examines the case for and against applying political conditions to World Bank lending policies; and Daniel C. Milder argues that the World Bank needs to support cross class coalition building as a central tenet of its reforms.

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