The purpose of this book is to explore the major policies and operational problems of public international lending agencies engaged in promoting social and economic progress in the developing countries. Since lending policies are determined in part by the constitutions of the lending agencies and in part by the approaches of their officials to development financing, I have dealt with the recent evolution of public lending agencies in the context of the international economic and political environment that followed World War II. No attempt is made to deal in a comprehensive manner with the organizational structures and operations of the lending agencies discussed. Major emphasis is given to problems arising from the relationship between theories and policies of economic development on the one hand, and the operations and approaches of the several public lending organizations, on the other.
This study was made with the assistance of a grant from the Ford Foundation to the University of Oregon. Some of the conclusions are based on case studies of public international loans to Chile and Colombia, undertaken as a joint research project by the Institute of International Studies and Overseas Administration at the University of Oregon and Columbia University School of Law, in collaboration with the Economic Development Studies Center of the University of the Andes ( Bogota) and the Institute of Economics, University of Chile ( Santiago).
Valuable assistance in the preparation of the manu-