Evaluation of effectiveness of World Bank and proposal for reorganisation as a 'Knowledge Bank'.The World Bank is dedicated to the promotion of sustainable economic development and to poverty reduction throughout the developing world. The contributors to this volume argue the Bank's greatest asset is its accumulated knowledge and experience of the development process, and propose that it organise itself around the concept of a 'Knowledge Bank'. Part I examines the World Bank as an institution, examining its structure. In Part II the effectiveness of World Bank assistance is evaluated. Essential reading for all who are involved or interested in the development process.The World Bank is dedicated to the promotion of sustainable economic development and to poverty reduction throughout the developing world. The contributors to this volume argue the Bank's greatest asset is its accumulated knowledge and experience of the development process, and propose that it organise itself around the concept of a 'Knowledge Bank'. Part I examines the World Bank as an institution, examining its structure. In Part II the effectiveness of World Bank assistance is evaluated. Essential reading for all who are involved or interested in the development process.The World Bank is dedicated to the promotion of sustainable economic development and to poverty reduction throughout the developing world. The contributors to this volume argue the Bank's greatest asset is its accumulated knowledge and experience of the development process, and propose that it organize itself around the concept of a Knowledge Bank. Part I examines the World Bank as an institution, examining its structure. In Part II the effectiveness of World Bank assistance is evaluated.List of figures; List of tables; List of contributors; Acknowledgements; Introduction Joseph E. Stiglitz; 1. The World Bank: an overview of some major issues Christopher L. Gilbert and David Vines; Part I. The World Bank's Structure: The Bank as an l37