Publication

This publication explores what the World Bank optimally should do with the US$10 to $20 billion it can loan each year and assesses if the institution has done what is optimal. The author suggests a framework within which to measure the World Bank against an optimal international public financier for development. The publication goes on to argue that the empirical evidence on bank lending rejects any notion that the World Bank has substituted for private capital or that it has successfully catalyzed private development finance.