Multilateral Banks and the Development Process: Vital Links in the Results Chain

Development effectiveness depends on the strength of individual project links within a broader chain. When projects fail to achieve their objectives, the overall development program's effectiveness suffers. Conversely, when links are strong and well-connected, results improve across sectors, countries, and regions. Multilateral banks play a crucial role in informing the impact of development operations and supporting policymakers in their decisions. However, certain critical links in the development process are systematically overlooked. Immediate pressures often take priority over addressing persistent problems, at significant cost to society. Development practitioners frequently neglect proven policies and strong links in the chain due to myopia, complexity, tradition, or special interests. This book is designed to help policymakers and practitioners identify and focus on the links that measure progress, apply lessons learned, and contribute to lasting results.