Overview

Like its two predecessors with the same title, this volume attempts to analyze how the World Bank is dealing with the major challenges it encounters as a result of constant changes in the world it serves. The now complete three-volume series on the World Bank in a Changing World is written by a Bank insider who, as the Bank's Vice President, then Senior Vice President, and General Counsel for a period extending over 15 years, was a member of the Bank's senior management and attended almost all the meetings of its Board of Executive Directors. With this background, the purpose of the book is not simply to provide information, especially in areas that are often not known, misunderstood or not adequately appreciated outside the Bank; it also analyzes this information in depth, particularly from policy and legal perspectives, with a view to drawing lessons that may be useful both to the Bank and its member countries in making their future choices. Every effort has been made to present the facts as objectively and accurately as possible; the analysis and conclusions reflect, however, the author's own convictions. Both in its legal analysis and in its minute descriptions of developments within and outside the Bank, the three volumes of this book present a useful source of knowledge. Its title should not hide the diversity of the topics it covers and their relevance to those interested not only in development issues but also in matters of international law, international organizations, international relations, the environment, human rights and institutional reform, especially legal, judicial, civil service and banking sector reform.

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Reviews

' Certainly for me, it is a unique source and I would guess that for the entire world community interested in international institutions and the world of development, the book will be a mandatory reference work.'James D. Wolfensohn, President, The World Bank Group (in his Foreword to Volume II of this book).' Mr. Shihata describes in detail the efforts the Bank has made to respond to the criticisms [addressed to its work], and displays a sophisticated grasp of both the necessity for a public institution to look beyond IRR [internal rate of return] calculations, and the powerful resistance that must be overcome if the Bank is to provide long-term assistance to entire populations rather than short-term benefits to elites.' Jan Paulson (in his review of Volume II of this book) ' [t]his book provides chapter and verse by an insider-with his unique insights developed during the many years he has been involved in the actual operations of this remarkable institution.' ASIL Newsletter, January 2001.

' Certainly for me, it is a unique source and I would guess that for the entire world community interested in international institutions and the world of development, the book will be a mandatory reference work.'<br>James D. Wolfensohn, President, The World Bank Group (in his Foreword to Volume II of this book).<br>' Mr. Shihata describes in detail the efforts the Bank has made to respond to the criticisms [addressed to its work], and displays a sophisticated grasp of both the necessity for a public institution to look beyond IRR [internal rate of return] calculations, and the powerful resistance that must be overcome if the Bank is to provide long-term assistance to entire populations rather than short-term benefits to elites.' <br>Jan Paulson (in his review of Volume II of this book) <br>' [t]his book provides chapter and verse by an insider-with his unique insights developed during the many years he has been involved in the actual operations of this remarkable institution.' <br> ASIL Newsletter, January 2001.

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