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date: 17 October 2019

World Bank  

Source:
Berkshire Encyclopedia of Sustainability
Author(s):
Jesse GRIFFITHSJesse GRIFFITHS

World Bank governance was intended to balance creditor and debtor nations, but European nations are still overrepresented and African nations underrepresented. The World Bank has promoted policies favored by European nations, most notably during the era of “structural adjustment” loans in the 1980s and 1990s. External pressure forced it to moderate but not fundamentally change its positions. The rise of emerging markets may make the institution less central to development policy than in the past. ...

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