ABSTRACT
The World Bank’s development model has been criticized in many quarters, but most people, inside and outside, see it as the world’s foremost, most prestigious official development institution. Young graduates with the right credentials and the desire to make a career of development without the financial sacrifices required if one works for a grassroots non-governmental organization, first try for a slot at the Bank before accepting a position anywhere else. The Bank’s socializing system has engendered a good many unnecessary and avoidable losses. People taking the opposite view argue that the Bank is not looking for extra work or increased resource mobilization at all, but rather has tasks like running the Global Environment Facility thrust upon it. The Americans and the Europeans certainly didn’t want to create a new bureaucracy to design and implement environmental loans after the 1992 conference in Rio.
