Investing in development : lessons from World Bank experience

This book synthesizes and makes accessible in one place some of the principal lessons learned by the World Bank in thirty-five years of financing development in its member countries. It provides gaidance to developing countries in selectings preparing, and carrying out their whole portfolio of investment projects, regards Jess of the source of financing.

Although written primarily for senior and middle-level civil servants in the finance, planning and sector ministries and agencies in developing countries, as well as for project managers in the public and private sectors the books should also be useful to development practitioners in aid agencies, universities, research, organizations, consulting firms, and elsewhere. It is designed to be fully intelligible to economists and noneconomists alike, with the emphasis not on how to do invesment and project analysis but on Swealth how to understand and use it A wealth of country and project examples throughout the book illustrates the issues and concepts. Warren Baum, a vice president of the World Bank was formerly vice president, Operations Policy Staff, with overall responsibility for the project work of the Bank, Stokes M. Tolbert is former director of the Industrial Development and Finance Depart ment and now senior adviser, Operations, of the World Bank.