Project Analysis and the World Bank
American Economic Review
1997
The World Bank has been the single most important international institution to promote the practice of professional project appraisal over the past five decades. Although at times conventional project lending has been a relatively small share of total lending by the World Bank, key members of the Bank staff have continued to be active in improving the understanding of what creates success or failure in the performance of development projects. Their influence on governments and practitioners in this field has been significant and widespread.
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