4. STATE SIMPLIFICATION AND INSTITUTION BUILDING IN A WORLD BANK-FINANCED DEVELOPMENT PROJECT

2019 ◽  
pp. 76-100 ◽  
Author(s):  
Fareis Althalet ◽  
Tira Siya Fajar Rahayu ◽  
Hera Hera ◽  
Ayu Fil Akhirati ◽  
Pingki Pingki ◽  
...  

This study aims to examine Blue Bonds as a guarantee issued by the issuer (government and companies) as alternative financing. Compared to ordinary bonds that are issued only to meet the issuer's funding needs, the transaction results in Blue Bonds will be used to support marine protection, fisheries governance, waste and water pollution management, and the restoration of marine ecosystems. In this study, the author uses the method literature review sourced from journals, books, reports from related ministries, international financial institutions such as the World Bank, and news from national and international media. The results of this study indicate that by issuing Blue Bonds, the government and companies will get more funds from bond investors. Investors will receive a return in the form of a coupon (fixed interest rate) from the issuer and pay according to schedule and the initial principal investment. Not only that, the government and companies will get a good reputation among investors and actively contribute to Indonesia's maritime development.


2020 ◽  
Vol 68 (4) ◽  
pp. 365-378
Author(s):  
Ana Ivasiuc

AbstractRoma-related development and policy discourse often represents the Roma development ‘subjects’ as disempowered victims. Against the pervasiveness of such narratives, a close look at the local level conflicts arising during the implementation of a World Bank development project in destitute Roma communities from Romania lays bare the strategies of unassisted social mobility in which a group of Roma engage. Not large or well-defined enough to be constituted into a real ‘class’ in sociological terms, this strategic group is made up of Roma civil servants (mediators, local experts, Romani language teachers) who negotiate their engagement in development projects on their own terms and use the material and immaterial resources that projects offer to enact their own upward social mobility. Often, though, this comes at the cost of a growing socio-economic gap between themselves and the most destitute parts of Roma communities, which complicates their involvement in development projects. The article underlines the necessity of taking into account both the strategies of unassisted social mobility of Roma development brokers, and the internal power imbalances that the development apparatus inevitably ends up producing in Roma communities.


2017 ◽  
Vol 44 (2) ◽  
pp. 343-366 ◽  
Author(s):  
Monika Heupel ◽  
Gisela Hirschmann ◽  
Michael Zürn

AbstractHuman rights violations by international organisations (IOs) are a possible side effect of their growing authority. Recent examples are the cases of sexual exploitation by UN peacekeepers and violations caused by IMF austerity measures. In response, IOs increasingly develop safeguards to protect human rights from being violated through their policies to regain legitimacy. We argue that this development can be accounted for by a mechanism we call ‘authority-legitimation mechanism’. We test this theoretical expectation against ten case studies on UN and EU sanctions policies, UN and NATO peacekeeping and World Bank and IMF lending. Next, we demonstrate inductively that the authority-legitimation mechanism can evolve through different pathways, depending on which actors get engaged. We label these pathwayslegislative institution-buildingif parliaments in member states put pressure on their governments to campaign for human rights safeguards in IOs,judicial institution-buildingif courts demand human rights safeguards,like-minded institution-buildingif civil society organisations, middle powers and IO bodies with little formal power push for human rights safeguards, oranticipatory institution-buildingif IOs adopt such safeguards from other IOs without having violated human rights themselves. Finally, we argue that which of these pathways are activated and how effective they are depends on specific conditions.


2012 ◽  
Vol 51 (4II) ◽  
pp. 79-96 ◽  
Author(s):  
Rifaqat Ali ◽  
Usman Mustafa

The accumulation of external debt is common phenomenon of the developing countries and it has become a common feature of the fiscal sectors of most of the economies. A country with lower saving rate needs to borrow more to finance the given rate of economic growth. So external debt is obtained to sustain the growth rate of the economy, which is otherwise not feasible with the given domestic resources. Pakistan is one of the developing countries and faces serious debt problems, according to World Bank Report 2000-2001, Pakistan is among the Highly Indebted Countries (HICs); because Pakistan’s present and future debt situation is very grim. According to the World Bank total external debt may be defined as debt owed to non-resident repayable in terms of foreign currency, goods or services. External debt is the composition of long term debt (public and publicly guaranteed debt plus private non guaranteed debt), short term commercial debt and International Monetary Fund (IMF) loans. Prior to early 1970s the external debt of developing countries was primarily small and official phenomenon, the majority of creditors being foreign governments and international financial institutions offer loan for development project [Todaro (1988)]. At the same time current account deficit was common which increased the external indebtedness of the developing countries, until when Mexico, despite an oil exporter, declared in august, 1992 that it could not services its debt ever since, the issue of external debt and its servicing has assumed critical importance and introduced the debt crises debate [Were (2001)].


2021 ◽  
pp. 097300522098455
Author(s):  
Jessica Carrick-Hagenbarth

Development institutions have adopted models of community development that prioritise empowerment. However, many of these models have transformed a collective, process-oriented understanding of empowerment into one that focuses on individual outcomes and results all too often in project failure. This article presents a case study of a World Bank community-driven development (CDD) project implemented in agrarian settlements in north-eastern Brazil. Using mixed methods, the article finds that because this CDD approach failed to conceptualise power differences, stemming from education, income and the rural–urban divide, it overlooked the disadvantage marginalised communities would have when interacting with technical agencies and soliciting contractors. The power differences created by these inequities enabled those very technical agencies and contractors intended to support CDD subprojects to take advantage of participant communities through providing low-quality services and products. The project also failed to provide quality technical assistance for a duration sufficient to develop the skills community members required to carry out successful, productive subprojects. These findings suggest that CDD projects need to incorporate a broader conception of empowerment that addresses group-level power differences to transform the relations between participants and those on whom they depend, and thereby contribute to project success.


Focaal ◽  
2005 ◽  
Vol 2005 (45) ◽  
pp. 94-111 ◽  
Author(s):  
Pieter de Vries

This article sets out to test the Foucauldian concept of governmentality as it has been applied by social theorists working on the topic of neoliberal managerialism. It starts with a critical discussion of the 'good governance' agenda as developed by the World Bank. The question that the article poses is whether such technologies of governance are as successful in shaping new fields of intervention as assumed in the (managerial) governmentality literature. This question is answered negatively by way of a case study of an extensionist, working in an integrated rural development project in the Atlantic zone of Costa Rica, who developed his own 'participatory extension style of operation' for dealing with farmer beneficiaries. At a more theoretical level, the article takes issue with current notions regarding the malleability of the Self and the 'social'. The article concludes that the governmentality approach has perverse consequences for the anthropological project as it leads to an impoverished kind of ethnography.


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