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Development Lending To Municipalities By The World Bank Group, Asheesh Bhalla
Development Lending To Municipalities By The World Bank Group, Asheesh Bhalla
Asheesh Bhalla
The World Bank Group has recently shifted its development lending policies to have a greater focus on lending to municipalities and developing financial institutions and systems of market creation at the local level. The author reviews this policy shift, and the consequences of such policy changes on local government institutions and law.