financial institutions (IFIs). For multilateral development banks like the World Bank, their central mission, the promotion of … growth and the reduction of poverty, is clear. The steps toward fulfilling this mission in a changing world are also … our thinking both on why we have IFIs in the first place, and the role that they should play in a changing world. …

operations. The World Bank has been at the forefront of such a role since 1983. The B-loan programme, however, has fallen short … of reviving private lending in the LDCs. In 1989, the World Bank introduced an enhanced co-financing operation programme … for the World ... …