This timely book offers the first critical examination of World Bank policy reforms and initiatives during the past decade.

The World Bank is viewed as one of the most powerful international organizations of our time. The authors critically analyze the influence of the institution’s policy and engagement during the past decade in a variety of issue areas, including human rights, domestic reform, and the environment.

The World Bank and Governance delves into the bowels of the World Bank, exploring its organizational structure, professional culture and bureaucratic procedures, illustrating how these shape its engagement with an increasingly complex, diverse and challenging operational environment. The book includes chapters on two under-researched divisions of the World Bank: the International Finance Corporation and the Multilateral Investment Guarantee Agency. Several illuminating country studies are also included, analyzing the World Bank's activities in Argentina, Bolivia, Lebanon, Hungary and Vietnam.

This volume will be of great interest to students and scholars of international relations, development, politics and economics.

Introduction  1. The Currency of Change: World Bank Lending and Learning in the Wolfensohn Era  Part 1: Policy Change Inside ‘the Black Box’  2. Development Ethics and Human Rights as the Basis for Poverty Reduction: The Case of the World Bank  3. The Art of Fine Balances: The Challenge of Institutionalizing the Comprehensive Development Framework Inside the World Bank  4. From ‘Safeguards’ to ‘Sustainability’: The Evolution of Environmental Discourse Inside the International Finance Corporation  5. Explaining Change in the World Bank’s Forest Strategy and Operational Policy  6. The World Bank and Pension Reforms  7. Change in International Organizations: Innovation or Adaptation? A Comparison of the World Bank and the International Monetary Fund  Part 2: Confronting the Outside  8. The Poverty of Amnesia: PRSPs in the Legacy of Structural Adjustment  9. Becoming Green: Diffusing Sustainable Development Norms throughout the World Bank Group  10. Partnership and the International Aid Reform: Challenging Citizenship and Political Representation?  11. The World Bank as Conveyor and Broker of Knowledge and Funds in Argentina's Governance Reforms  12. The Missing Link in Development Cooperation Integrative Frameworks: Revelations from Lebanon’s Post-War Experience in Donor-Assisted Administrative Reform  13. Fiscal Decentralization in Transition Economies: The World Bank in a Learning Process