The World Bank Policies: Damned if you do, damned if you don't

To some, the World Bank is the all-powerful arm of imperialism. Others regret that it is powerless, incapable of influencing policies in the countries in which it operates. This paper discusses these issues, as seen by the author, a former employee both of the World Bank and the Inter-American Development Bank, as well as a civil servant and consultant at the receiving end of the loans. This experience provides an inside view but the reader has to be warned of the biases that might have resulted from it.