Source: Global Politician

by Bhuwan Thapaliya - 12/26/2006

A World Bank study of evaluation in 2000 began with the confession "Despite the billions of dollars spend on development assistance each year, there is still very little known about the actual impact of projects on the poor." The reality is harsh and of course, there has to be incentives to do something as a result of the evaluation but anecdotally, the World Bank hasn’t noticed the differences. But why would it? Its development business has been blossoming all over the world. And we wonder why economic growth benefits only a small portion of the population and may in fact result in increasingly desperate circumstances for the majority.

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Posted by pichu at December 26, 2006 1:29 PM