Impact of World bank credit on urban institutions
- New Delhi National Institute of Urban Affairs 1990
- 102p.-
The present study indicates that there can be little doubt that World Bank assisted urban projects have made a valuable contribution 1n the evolution of improved institutional and financial framework for urban management in the country. The setting up of new municipal urban development funds; project appraisal, monitoring and evaluation units; as well as, systematic devolution of fiscal resources and responsibilities to the local bodies, have introduced a substantial element of professionalism in the Bank-assisted urban projects. Secondly, these projects have introduced major changes in the area of financial management including improved commercial accountancy and tendering procedures. This study notes that the World Bank urban project have shown a high degree of sustainability through improved cost recovery and project applicability.