The two worlds of the multilateral development banks -- The banks and their shareholders -- The banks and the Beltway in the 1970s -- Forging a new policy program -- Disciplining the banks -- The emergence of the Washington consensus -- Augmenting the Washington consensus -- The rise of social...

Discontent with the substantial influence of major global players in International Financial Institutions (IFIs) has raised a call to restructure these organizations. Greater involvement of borrowing members in lending decisions has been proposed in order to limit the exposure of development...