[Excerpt] "The World Bank’s new book, A Case for Aid: Building a Consensus for Development Assistance, indicates how dramatic and lasting the progress against global poverty has been in the past 50 years. It also shows how dramatically the Bank’s own understanding has risen, even in the past decade, of how to make its efforts more effective in relieving poverty and achieving other development goals. These two themes form the basis for the World Bank’s visionary thesis: that eradicating much of the poverty, ill health, and illiteracy around the world is within reach.
The occasion for pronouncing this message in A Case for Aid was the International Conference on Financing for Development, held in Monterrey, Mexico in March 2002. The United Nations hosted this conference to chart the future of foreign aid. The conference was notable in part because of the dramatic, and surprising to some, announcement by America’s President Bush of a bold new commitment by the United States to foreign aid for the developing world.
A Case for Aid memorializes this conference, and provides analysis and commentary of its issues. It includes four parts. First is a keynote speech, “A Partnership for Development and Peace,” from World Bank president James D. Wolfensohn. Second is an essay, “Making the Case for Aid,” written by World Bank chief economist Nicolas Stern after the conference. Third, forming the book’s bulk, is “The Role and Effectiveness of Development Assistance,” by a panel of World Bank authors. Finally, the book includes the official U.N. document “The Monterrey Consensus.”"
Bryan Erickson, Review of "The World Bank, A Case for Aid: Building a Consensus for Development Assistance," by James D. Wolfensohn & Nicolas Stern, 1 Pierce L. Rev. 231 (2003), available at http://scholars.unh.edu/unh_lr/vol1/iss3/9