Chapter

Conclusion: lending, investing and guaranteeing sustainable development

Susan Park

in World Bank Group Interactions with Environmentalists

Published by Manchester University Press

Published in print April 2010 | ISBN: 9780719079474
Published online July 2012 | e-ISBN: 9781781703335 | DOI: http://dx.doi.org/10.7228/manchester/9780719079474.003.0006
Conclusion: lending, investing and guaranteeing sustainable development

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This chapter assesses the broader implications of environmental shifts in the World Bank Group (WBG) organisation identities for the future of international development lending and environmental activism. It discusses the role of socialisation in the formation of the identity of WBG organizations and explains how they were influenced by norms of sustainable development. These organizations include the World Bank, the International Finance Corporation (IFC) and the Multilateral Investment Guarantee Agency (MIGA). This chapter suggests that new paths to socialisation will need to be forged to reconstitute radically the broader international political economy towards ecologically driven development for all states, IOs and non-state actors alike.

Keywords: WBG; environmental shifts; international development; environmental activism; socialisation; sustainable development; World Bank; IFC; MIGA; political economy

Chapter.  3471 words. 

Subjects: Environment

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