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The World Bank and the Globalisation of Housing Finance
Mortgaging Development
Liam Clegg
The World Bank remains one of the most prominent actors in the field of global development, and one of the foremost international organisations in contemporary global politics. Over its history, its lending for housing has mortgaged development by prioritising financial sector expansion over the needs of low-income groups. Through this book, Liam Clegg explores the drivers of World Bank operational practices, and the contribution of these operations to state transformations across the global South.
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BANOBRAS | National Services and Public Works Bank (Mexico) |
CCM | Chama cha Mapinduzi, or Party of the Revolution (Tanzania) |
CPS | Central Projects Staff (World Bank) |
FEUD | Finance, Economics, and Urban Development (World Bank) |
FONHAPO | National Trust Fund for Popular Housing (Mexico) |
FOVI | National Housing Fund (Mexico) |
FPSDI | Finance, Private Sector Development, and Infrastructure (World Bank) |
HMFF | Housing Micro-Finance Fund (Tanzania) |
HPF | Housing Provident Fund (China) |
IBRD | International Bank for Reconstruction and Development (World Bank) |
IDA | International Development Association (World Bank) |
IDB | Inter-American Development Bank |
IFC | International Finance Corporation (World Bank) |
IMF | International Monetary Fund |
NHC | National Housing Corporation (Tanzania) |
PAN | Party of National Action (Mexico) |
PRI | Institutional Revolutionary Party (Mexico) |
SHF | Sociedad Hipotecaria Federal (Mexico) |
SOFOLE | non-bank mortgage lender (Mexico) |
THB | Tanzania Housing Bank |
TMRC | Tanzania Mortgage Refinance Company |
UPD | Urban Projects Department (World Bank) |