Evaluating the impact of world bank structural adjustment lending: 1980–87
评估世界银行结构调整贷款对GDP增长、投资和国际收支的影响，发现贷款对增长效果不佳，与投资负相关，但改善了国际收支。
This article attempts to evaluate the World Bank's programme aid in the form of Structural Adjustment Loans with emphasis on the distinction between the influence of programme finance and the influence of the policy conditions attached to this finance. The rate of return on World Bank programme aid, measured in terms of the impact of GDP growth rates, is found to have been disappointing. The study also identifies a negative correlation between Structural Adjustment Loans and investment. It was also found that the Bank programme aid's strongest beneficial effect has been on the balance of payments current account, both via the stimulation of exports and via the curbing of imports.