Bankspeak of the Year 2002 award

News|Bretton Woods Project|28 January 2003|update 32|url
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"Terminology would be simplified accordingly by discontinuing the use of special names and acronyms for sectoral adjustment loans (SECALs), structural adjustment loans (SALs), rehabilitation loans (RILs), and programmatic structural adjustment loans/credits (PSALs/PSACs). At the same time, the new OP/BP 8.60 would explicitly incorporate the distinct operational policy/pricing features of poverty reduction support credits, special structural adjustment loans, and the deferred drawdown option as applications of development policy support lending under the unified overall operational policy umbrella."

From Adjustment Lending to Development Policy Support Lending: Key Issues in the Update of World Bank Policy, Operations Policy And Country Services, World Bank, June 6, 2002, p. 7

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Published: 28 January 2003 , last edited: 8 July 2003

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CounterBalance, a new European coalition of development and environmental non-governmental organisations formed specifically to challenge the European Investment Bank (EIB), has launched its website. The EIB is the world's largest public lender. Find out more about it from CounterBalance.