The course will examine the changing roles played by the World Bank and the IMF in shaping the terms and conditions under which international development assistance has been provided and in framing the contours of the international "development debate." The discussion will begin by focusing on the World Bank’s controversial shift from "project lending" to "policy lending" in the early eighties just as the "third world debt crisis" was about to engulf large parts of the developing world. Policy lending made often desperately needed loans conditional on a wide range of market oriented policy reforms and the course is designed to: examine the arguments and the evidence that were used to justify this policy shift; to examine the ways in which IFIs produced and used evidence on the impact of these reforms over the following twenty years: and finally to assess the logic and the significance of their eventual shift to a new poverty oriented approach that emphasized the country ownership of reforms. The ultimate aim is to provide students with a better understanding of the political economy of development as mediated through the IFIs.
Source: Syllabus below from http://carleton.ca/sppa/academics/course-information/2012-fall-course-outlines/ (accessed 5 January 2014).