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Useful Documents Imf February 1998

By Heggie, Ian G.

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Book Id: WPLBN0000233111
Format Type: PDF eBook
File Size: 0.1 MB
Reproduction Date: 2005
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Title: Useful Documents Imf February 1998  
Author: Heggie, Ian G.
Language: English
Subject: Economics, Finance & business, World Bank.
Collections: Economics Publications Collection
Publication Date:
Publisher: The World Bank


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Heggie, I. G. (n.d.). Useful Documents Imf February 1998. Retrieved from


I am writing to you about the above matter in the expectation that you will be able to redirect this memo to the staff in the IMF who deal with this topic. Although we have a good working relationship with individual IMF Task Managers, when ever staff change it nearly always upsets our ongoing efforts to commercialize the road sector and we often end up having going back to square one. What is at issue are the Bank?s attempts to commercialize the road sector in its developing member countries. This is not the same as ?earmarking? general budget resources as a means of capturing more of the overall budget for the road sector. We utterly reject that approach which was unfortunately a characteristic of many of the Bank?s road sector operations in Latin America and Africa in the 1970s and early 1980s. Straightforward earmarking never worked as is clearly spelled out in a report written by Anne Balcerac and myself entitled ?African Road Funds: What Works and Why?? (a more appropriate title might have been, ?What Doesn?t Work and Why??).


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