World Bank's Experience with Structural Reforms for Growth and Development
The World Bank Group has come a long way in supporting structural reforms in its member countries. The most remarkable feature of its long 35 years and continuing journey has been its ability to listen, learn and adjust over time. It learnt relativ...
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| Language: | English en_US |
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World Bank, Washington, DC
2016
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| Online Access: | http://documents.worldbank.org/curated/en/2016/05/26395356/world-banks-experience-structural-reforms-growth-development http://hdl.handle.net/10986/24360 |
| Summary: | The World Bank Group has come a long way
in supporting structural reforms in its member countries.
The most remarkable feature of its long 35 years and
continuing journey has been its ability to listen, learn and
adjust over time. It learnt relatively quickly that reform
ownership is a necessary requirement for countries to
support and sustain reforms. At the same time, it realized
that reform implementation critically depends on credible
institutions and good governance, which are frequently
missing in its member countries, particularly the low-income
ones. It also noted that over time the structure of reforms
for promoting growth and development evolves, reflecting
both changes in internal country conditions and a changing
global environment. These important realizations are
reflected in the evolution of the World Bank Group’s
policies and practice for supporting structural reforms, and
help sustain a culture of learning from experience. |
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