12 Questions
What was the focus in the 1990s according to the text?
Good governance
What prohibited the World Bank from making loans without government guarantees until the establishment of IFC?
Founding Articles of Agreement
What did the Bank become more open to involving in planning and executing projects in the 1990s?
Non-Governmental Organizations (NGOs)
What was left purposefully vague or defined very narrowly in the early 1990s?
Good governance
What is expected to trickle down and benefit everyone according to the text?
Private sector involvement
When was governmental corruption mentioned as an inhibitor of development?
1995
What was the reorientation towards in the 1980s?
Advocacy for private sector involvement
Why was the term 'governance' left purposefully vague or defined very narrowly in the early 1990s?
To maintain the Bank's neutrality and political mandate
What did the World Bank become more open to involving in planning and executing projects in the 1990s?
Non-Governmental Organizations (NGOs)
What had a profound impact in the 1980s according to the text?
Reorientation towards support of the private sector
What did the World Bank prohibit until the IFC was established?
Loans without government guarantees
What did the Bank begin to recognize in the 1990s according to the text?
The importance of good governance in sustainable development
Test your knowledge about the evolution of World Bank's focus from private sector involvement to good governance and their impact on economic development.
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