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Finance & Development, March 1982 [electronic resource]

By: International Monetary Fund. External Relations Dept.
Material type: materialTypeLabelBookSeries: Finance & Development; Finance & Development, Volume 19: No. 1Publisher: Washington, D.C. : International Monetary Fund, 1982Description: 1 online resource (48 p.).ISBN: 1616353481 :.ISSN: 0145-1707.Subject(s): Bank Loans | Bank Management | Government Expenditures | Structural Adjustment | Botswana | Brazil | Cameroon | Congo, Democratic Republic of the | IndiaAdditional physical formats: Print Version:: Finance & Development, March 1982Online resources: IMF e-Library | IMF Book Store Abstract: This paper highlights that important changes have been made in the World Bank's management systems since Mr.A.W. Clausen became President in July 1981. The changes reflect Mr. Clausen's belief that there needs to be a more collegial approach to decision making and greater delegation of authority. The aim is that the World Bank should become more efficient and its activities should be more responsive to its clients' needs. A Managing Committee was also established to take decisions on all key issues facing the World Bank.
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This paper highlights that important changes have been made in the World Bank's management systems since Mr.A.W. Clausen became President in July 1981. The changes reflect Mr. Clausen's belief that there needs to be a more collegial approach to decision making and greater delegation of authority. The aim is that the World Bank should become more efficient and its activities should be more responsive to its clients' needs. A Managing Committee was also established to take decisions on all key issues facing the World Bank.

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