Background and Objective -- Main Issues for the Sector -- The World Bank Group's Changing Role in the Extractive Industries -- 2 … -- Recommendation 3: Engage the Stakeholders -- Annex A: World Bank Group Final Management Response -- Introduction -- OED …/OEG/OEU Findings -- Management Comments -- World Bank Group's Strategy -- Project Implementation Issues -- Partnerships for Wider Reach …

During tumultuous fiscal years of the past few decades, the World Bank, acting in its capacity as lender of last resort …, granted unsecured loans to debt-ridden sovereigns. Instead of taking a lien over the state's assets, the World Bank protected … amounts payable by the borrowing state. In short, should such a lien be granted, the World Bank shares in the amounts paid out …