ABSTRACT
In September 1993, the World Bank established the Inspection Panel by decision of its Executive Directors. The Panel certainly contributes greatly to the Bank's reputation as Number One promoter of sustainable development. Encouraged by the Bank's example, other International Financial Institutions (IFIs) copied the World Bank Inspection Panel more or less closely and introduced their own inspection mechanisms. One of the major aspects of the Panel's promotion of the "rule of law" inside International Organizations (IOs) lies in the Panel's impact on World Bank operational standards. The Bank's Inspection Panel used its competencies to sharpen the Bank's operational policies' teeth along the lines of the spirit of the New Delhi Principles. In a revolutionary departure from the typical paradigm of Bank responses to Panel findings, the Bank recently went beyond redesigning a project or instructing the borrower to implement the project in line with Bank policies.
