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Finance & Development, June 1987

International Monetary Fund




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 | #4514625 in eBooks |  1987-06-01 |  1987-06-01 | File type: PDF

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This paper reviews the World Bank lending for structural adjustment. The World Bank has always stressed the need to use limited investable resources efficiently. It has attempted to identify investment priorities in recipient countries and lent for projects that promised a high rate of return. The Bank’s Operational Manual defines structural adjustment lending as nonproject lending to support programs of policy and institutional change necessary to modify the struc...

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