Structural and Sectoral Adjustment: World Bank Experience, 1980-92 (Evaluation Country Case Study Series)

This is the first published overview of the World Bank's structural and sectoral adjustment lending programs. The study analyzes the outcomes of 99 loans to 42 countries between 1980 and 1991 and evaluates and compares individual country experiences. It assesses the quality of advice, the design of policy reform, and the results achieved. The report also identifies the successes and the shortcomings of adjustment programs and the reasons for these results and addresses practical concerns pertaining to adjustment lending. The study includes an economic analysis of adjustment in borrower countries and an institutional analysis of the World Bank's relationship with its borrowers. In particular, it presents a pioneering treatment of the "borrower ownership" concept (the borrowing country�s government identifies a program as its own) and an extensive data appendix.William H. Branson is the author of 'Structural and Sectoral Adjustment: World Bank Experience, 1980-92 (Evaluation Country Case Study Series)' with ISBN 9780821331224 and ISBN 0821331221.