> The answer here seems to be that the WB should
>get back to its core function of funding specific development
>projects and get away from its involvement with the IMF in
>the structural adjustment programs. This has been proposed
>and may well be adopted.
Though one reason it got into the policy business was that project lending in the 1970s led to unsustainable debt levels which led to the debt crisis which led to...more loans, only this time for reform and restructuring.
Doug