By John H. Johnson, Sulaiman S. Wasty
Read or Download Borrower ownership of adjustment programs and the political economy of reform, Parts 63-199 PDF
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Additional info for Borrower ownership of adjustment programs and the political economy of reform, Parts 63-199
Introduction 1 B. Framework of Analysis 2 C. Measurement Criteria for Borrower Ownership 2 D. Correlating Program Outcome with Borrower Ownership 5 E. Possible Sources of Diverse Country Responses: Toward Identifying the Prerequisites for Ownership 7 F. Implications for Future Bank Operations. 1 Bank assessments of structural adjustment lending explicitly acknowledge that program outcome depends heavily on the political and institutional environment prevailing in the borrowing country. In particular, they frequently cite borrower ownership of adjustment programs as vital for providing credibility to policies, safeguarding against policy reversals, and ensuring sustainability of benefits.
ISSN: 0259-210X John H. Johnson is senior economist in, and Sulaiman S. Wasty is a consultant to, the Country Policy, Industry and Finance Division of the World Bank's Operations Evaluation Department. Wasty. p. cm. (World Bank discussion papers ; 199) Includes bibliographical references. Structural adjustment (Economic policy)Developing countries. Developing countriesEconomic policy. World Bank. Loans, ForeignDeveloping countries. Wasty, Sulaiman S. Title. Series. 9'009172'4dc20 93-8236 CIP Page iii Abstract Borrower ownership of adjustment programs is often cited as vital for credibility to policies, safeguarding against policy reversals, and ensuring sustainability of benefits.
22. 7OED, Effectiveness of SAL Supervision and Monitoring (Report No. 9711), June 26, 1991, p. 19. Page 2 Notwithstanding the significance attached to borrower ownership, the notion remains conceptually elusive and insufficiently explored in Bank's policy and practice of adjustment lending. Notably, it is seldom made clear as to what constitutes adequate ownership, or what can be done to increase and sustain that fundamental commitment to the adjustment program. The objective of this paper is to highlight the symbiotic relationship between program outcome and borrower ownership.
Borrower ownership of adjustment programs and the political economy of reform, Parts 63-199 by John H. Johnson, Sulaiman S. Wasty