IFI governance


Bank’s “new” adjustment programmes reviewed

15 April 1998

The Bank is just completing a review of three years of “Higher Impact Adjustment Lending” (HIAL).

HIAL was developed by the World Bank in 1995 and presented as a new approach to adjustment lending based on greater selectivity, more government ownership, and flexibility in timing and sequencing conditions. Its principle aim was to smooth resource flows to countries and to prevent stop-go financing. The report, understood to be critical of the Bank’s ability to guage whether or not poverty impacts have improved, is still in draft. It is not clear whether or when it will be made public.

For information contact Elizabeth Pape, tel: +1-202-473-6205; fax: +1-202-473-8276; epape@worldbank.org