Cover The World Bank and the Globalisation of Housing Finance
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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.

Monograph Book

Published in print:
27 Oct 2017
ISBN:
9781786435590
eISBN:
9781786435606
DOI:
https://doi.org/10.4337/9781786435606
Pages:
208
Collection: Social and Political Science 2017
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Chapter 2: Lending for housing at the World Bank

Mortgaging Development

Liam Clegg

Monograph Chapter

Published in print:
27 Oct 2017
DOI:
https://doi.org/10.4337/9781786435606.00008
Pages:
42–65 (24 total)
Collection: Social and Political Science 2017

Extract

The World Bank commenced its housing operations in 1972. This chapter identifies three main phases in these operations, which have seen a progressive reduction in the organisation’s pro-poor targeting. The interactions between internal processes of trial-and-error-based learning and personnel shifts, which have driven the evolution of the Bank’s approach to lending for housing, are reviewed.

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