Description:
Prevailing economic ideas -- and
fashions -- about development have influenced the
International Development Association (IDA) since its
creation in 1960. The creation of the organization itself is
the result of two contemporaneous facts: an urgent need to
channel development finance to least-developed countries and
an increasing pressure on World Bank management to directly
address the issue of poverty in developing countries.
Changing views, over time, have been a rationale -- and, at
times, a justification -- for emphasizing poverty and social
sectors; for providing grants to particular groups of
countries; and for strategic choices and sectoral
priorities. IDA has been influential in development debates
and been an advocate for specific views about development
policy. This paper gives an overview of these views and
documents how they have shaped the activities of the
organization since its creation. After a brief review of
development thinking and of the organization of research at
the World Bank, the paper documents the shifts that have
taken place in country allocations and in sector emphasis in
IDA over the past 50 years and highlights the strategic
themes that have guided its development agenda: toward
increasing country selectivity; from projects to programs;
from conditionality to country ownership of reforms; and
from input-based to results-based performance.