Book contents
- Frontmatter
- Contents
- List of Illustrations
- Acknowledgements
- Introduction: Understanding the Bond between the World Bank and its Largest Borrower
- Chapter One The First Half-Century: From Bretton Woods to India's Liberalization Era
- Chapter Two Remaining Relevant: The World Bank's Strategy for an India of States
- Chapter Three Reasserting Central Government Control, Reorienting Aid toward “Lagging States”
- Chapter Four A Bittersweet “Graduation” from Aid: Can IDA Hold on to India, and Will India Let It?
- Chapter Five Commencement: India's Changing Relationship to Global Development Assistance
- Notes
- Bibliography
- Index
Chapter One - The First Half-Century: From Bretton Woods to India's Liberalization Era
Published online by Cambridge University Press: 05 March 2012
- Frontmatter
- Contents
- List of Illustrations
- Acknowledgements
- Introduction: Understanding the Bond between the World Bank and its Largest Borrower
- Chapter One The First Half-Century: From Bretton Woods to India's Liberalization Era
- Chapter Two Remaining Relevant: The World Bank's Strategy for an India of States
- Chapter Three Reasserting Central Government Control, Reorienting Aid toward “Lagging States”
- Chapter Four A Bittersweet “Graduation” from Aid: Can IDA Hold on to India, and Will India Let It?
- Chapter Five Commencement: India's Changing Relationship to Global Development Assistance
- Notes
- Bibliography
- Index
Summary
Policy was not “formulated.” It was formed. It evolved. It resulted from events.
Leonard Rist, head of the World Bank's Economic Department, 1961India was the Jewel in the Crown of the World Bank […] The reputation of the Bank tended to be measured in terms of what it could do for India.
A senior World Bank official, ca. 1995 (Caufield 1996: 23)The India Department has one job – to lend money to India. Of course, every country department pushes its own country, but for years, during the Cold War, India held a special position as the largest nonaligned democracy. The donor community treated it with kid gloves for years – and the India department still thinks that way.
A World Bank staff member, ca. 1995 (ibid., 23)India has always been a reluctant partner.
Edwin Lim,World Bank Country Director for India, 1996–2002 (2005: 108)India and the Bank have grown up together. Edward Mason and Robert Asher, in a history of the Bank's first three decades, say simply, “It is no exaggeration to say that India has influenced the Bank as much as the Bank has influenced India” (1973: 675). Catherine Caufield, writing in the mid-1990s, remarked of the then half-century that the Bank and India had traveled together, “As greater and greater sums of money passed between them, the Bank succeeded in putting its imprint on India, but India's imprint on the Bank is just as deep” (1996: 23).
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- India and the World BankThe Politics of Aid and Influence, pp. 1 - 40Publisher: Anthem PressPrint publication year: 2010