By Francisco R. et al. Sagasti

ISBN-10: 0230505198

ISBN-13: 9780230505193

ISBN-10: 1403949514

ISBN-13: 9781403949516

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In what follows, we review briefly some of the main changes in product lines, procedures and focus that have taken place and are ongoing. 8 This led to a major internal reorganization and restructuring that transformed the highly centralized modus operandi of the Bank into one that is now country-based and heavily decentralized. Measures were also initiated by the Bank to harmonize approaches and procedures with other development agencies, most notably the IMF and bilateral donors. New programme instruments were adopted (such as sector-wide approaches (SWAps), strategic selectivity in the Bank’s programme, the Comprehensive Development Framework (CDF), Poverty Reduction Strategy Papers (PRSP), and the Enhanced-HIPC initiative).

In what follows, we review briefly some of the main changes in product lines, procedures and focus that have taken place and are ongoing. 8 This led to a major internal reorganization and restructuring that transformed the highly centralized modus operandi of the Bank into one that is now country-based and heavily decentralized. Measures were also initiated by the Bank to harmonize approaches and procedures with other development agencies, most notably the IMF and bilateral donors. New programme instruments were adopted (such as sector-wide approaches (SWAps), strategic selectivity in the Bank’s programme, the Comprehensive Development Framework (CDF), Poverty Reduction Strategy Papers (PRSP), and the Enhanced-HIPC initiative).

According to some recent estimates, as much as 15 per cent of total annual ODA is now The Inheritance 21 assigned to international public goods related purposes (United Nations 2001d). This raises the question of whether taking active part in the provision of global public goods could place an unfair burden on poor countries struggling to improve the living standards of their people. This would occur if such countries, and the institutions, firms and organizations in them, were required to divert resources from domestic development tasks to share the cost of production of an international public good from which they would receive marginal relative benefit.

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The Future of Development Financing: Challenges and Strategic Choices by Francisco R. et al. Sagasti


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