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Full Description
'The World Bank needs India more than India needs it.' So goes an emerging consensus on both sides of the relationship between the Bank and its largest borrower. This book analyzes the politics of aid and influence. The Bank, struggling to remain relevant amid India's recent rapid growth and expanding access to private capital, has been caught up in a complex federal politics of reform and development. India's central government - far from being in retreat - has been the main driver of dramatic changes in the Bank's assistance strategy, leading toward a focus at the sub-national state level.
Contents
List of Illustrations; Acknowledgements; Understanding the Bond between the World Bank and its Largest Borrower; The First Half-Century: From Bretton Woods to India's Liberalization Era; Remaining Relevant: The World Bank's Strategy for an India of States; Reasserting Central Government Control, Reorienting Aid toward "Lagging States"; A Bittersweet "Graduation" from Aid: can IDA Hold on to India, and Will India Let It? Commencement: India's Changing Relationship to Global Development Assistance; Notes; Bibliography; Index