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| Author: | Walters, A. |
| Title: | Does the world need a world bank? |
| Journal: | Economic Affairs
1996 : AUTUMN, VOL. 16:4, p. 14-17 |
| Index terms: | ECONOMICS WORLD BANK THIRD WORLD |
| Language: | eng |
| Abstract: | Under the Bretton Woods treaty the World Bank was set up to provide long-term capital flows to help in the reconstruction of countries devastated by the Second World War. This intention was reflected in its official name, the International Bank for Reconstruction and Development. It soon found its role as a lender to devastated Europe taken over. World Bank lending to the industrialised countries was dwarfed first by official flows, in the form of Marshall Aid, and later by the gradual development. |
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