ABSTRACT
Kapur et al., The World Bank, 1997, p. 1161 The World Banks institutional character, forged in the years immediately following World War II, allowed it to secure from its environment the resources it would need to operate effectively. Chief among these were the confidence of the capital markets and the support of a broad range of member countrieshence, the Bank’s identity as a technical and apolitical institution. Four decades later, the world changed dramatically and the Bank responded. Yet the Bank was constrained in its response by both its formal character and its organizational culture.
