ABSTRACT
This chapter explores certain negotiating principles for the evolution of a more enlightened framework for international resource transfers. The focus of international assistance must shift to the poorest countries and, within them, to the poorest segments of the population. Any new framework that is negotiated will have major implications for the future of the World Bank as the premier international institution at present for the channeling of assistance to the developing countries. New formulas must be found for the restructuring of voting rights in the World Bank. More automaticity in World Bank financial resources is needed in any case to free it increasingly from bilateral pressures and to enable it to play a truly multilateral role in the new economic order. Program lending and local cost financing have to be justified, on a case-by-case basis, as deviations from a normal trend which is bound to influence the form and character of lending.
