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...

This volume tests the relevance and usefulness of guarantees to public and private actors in developing countries, especially for funding development projects. The presence of guarantees from multilateral or bilateral agencies can encourage financial flows either to increase, or to go where they...