The Major Public International Lending Agencies: Current Policies and Operations
The purpose of this chapter is to describe the policies and operations of the major international public ending agencies, which are of special significance for development financing. It will be assumed that the reader is familiar with the general organization, purposes, and practices of these agencies. An outline of the policies and operations of the major international and regional agencies, and of two United States public lending agencies will be found in Appendix A and Appendix B (pp. 215-227).
The World Bank Group, consisting of the International Bank for Reconstruction and Development, the International Development Association and the International Finance Corporation, is today the world's most influential organization for development assistance. This is true even though the amount of assistance made available by AID annually is larger than that of the World Bank Group and though the number of professional personnel, in Washington and abroad, who administer U. S. bilateral aid is substantially larger.2