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12 Questions

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World Bank's Evolution

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Questions and Answers

What was the focus in the 1990s according to the text?

Good governance (correct)

Private sector involvement

Government guarantees

Sustainable economic development

What prohibited the World Bank from making loans without government guarantees until the establishment of IFC?

Reorientation toward private sector support

Support for private investment

Sustainable development goals

Founding Articles of Agreement (correct)

What did the Bank become more open to involving in planning and executing projects in the 1990s?

Sustainable development goals

Non-Governmental Organizations (NGOs) (correct)

Government-owned industries

Private sector involvement

What was left purposefully vague or defined very narrowly in the early 1990s?

Good governance Signup and view all the answers

What is expected to trickle down and benefit everyone according to the text?

Private sector involvement Signup and view all the answers

When was governmental corruption mentioned as an inhibitor of development?

1995 Signup and view all the answers

What was the reorientation towards in the 1980s?

Advocacy for private sector involvement Signup and view all the answers

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 Signup and view all the answers

What did the World Bank become more open to involving in planning and executing projects in the 1990s?

Non-Governmental Organizations (NGOs) Signup and view all the answers

What had a profound impact in the 1980s according to the text?

Reorientation towards support of the private sector Signup and view all the answers

What did the World Bank prohibit until the IFC was established?

Loans without government guarantees Signup and view all the answers

What did the Bank begin to recognize in the 1990s according to the text?

The importance of good governance in sustainable development Signup and view all the answers