1/6th of World Bank spending is for private sector development.
What does it actually do?
Álvaro González proposes a simple test - it should aim to correct market failures.
Only 29 of 156 current projects pass.
www.cgdev.org/publication/...
cgdev.org
A Rule for Private Sector Subsidies: Additionality and Competitive Allocation at the World Bank Group
The World Bank has yet to pin down a working definition for what it labels as private sector development (PSD). At different times during the past half-century, some of that work might reasonably be d...