Title: Adjustment lending revisited
Description: The World Bank has been supporting structural adjustment in developing countries since the late 1940s. Initially, the support took the form of preparing and financing projects, especially in the are of infrastructure. By the late 1970s, however, it had become increasingly clear in many countries that correction of inappropriate policies could make a larger contribution to growth than additional investment could.
Subjects: World Bank, Foreign Loans, Congresses, Structural adjustment (Economic policy)
Places: Developing countries