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Finance & Development, June 1982 [electronic resource]

By: International Monetary Fund. External Relations Dept.
Material type: materialTypeLabelBookSeries: Finance & Development; Finance & Development, Volume 19: No. 2Publisher: Washington, D.C. : International Monetary Fund, 1982Description: 1 online resource (48 p.).ISBN: 161635349X :.ISSN: 0145-1707.Subject(s): Capital Market | Capital Markets | Gross Domestic Product | Per Capita Incomes | Private Capital Market | Botswana | Chile | Costa Rica | France | Korea, Republic ofAdditional physical formats: Print Version:: Finance & Development, June 1982Online resources: IMF e-Library | IMF Book Store Abstract: This paper reviews the World Bank's graduation policy. Graduation of borrowers from the World Bank is a firmly established principle and has been a long-standing practice. Graduation is a logical step in the development process, and a clear set of guidelines for graduation from Bank lending is required. Graduation should be a flexible and fair process, sensitive to each country's individual circumstances. The paper highlights that the graduation policy was reaffirmed at a meeting of the Bank's Board of Executive Directors.
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This paper reviews the World Bank's graduation policy. Graduation of borrowers from the World Bank is a firmly established principle and has been a long-standing practice. Graduation is a logical step in the development process, and a clear set of guidelines for graduation from Bank lending is required. Graduation should be a flexible and fair process, sensitive to each country's individual circumstances. The paper highlights that the graduation policy was reaffirmed at a meeting of the Bank's Board of Executive Directors.

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