Sovacool_et_al-2018-Development_and_Change.pdf (978.08 kB)
Disequilibrium in development finance: the contested politics of institutional accountability and transparency at The World Bank inspection panel
Version 2 2023-06-12, 08:51
Version 1 2023-06-09, 12:37
journal contribution
posted on 2023-06-12, 08:51 authored by Benjamin SovacoolBenjamin Sovacool, Andria Naudé-Fourie, May Tan-MullinsThis paper examines the dynamic nature in which independent accountability mechanisms operate. Focusing on the World Bank, the paper argues that its Inspection Panel evolves according to internal and external pressures. In seeking to achieve equilibrium, and protect its authority and independence, the Panel has gone through several distinct phases: negotiation, emergence, protracted resistance, assertion of independence and authority, renewed tension and contestation. The core novelty of the paper is its application of concepts from outside of development studies—notably that of institutional accountability from the governance literature, and judicialization from the legal studies literature—to the topic of the Panel. Examining the Panel in this way reminds us that accountability mechanisms represent a hybrid of transnational governance influenced by requestors and project affected peoples, national governments, Bank managers, and other development donors. In such a complex and multi-scalar system, the IP is not only about delivering seemingly careful, well-researched investigation reports, it is also an entity seeking to ensure its own survival, an arbiter of its own brand of legitimacy and accountability. Effectiveness itself is a subjective, dynamic, and contested concept. Development finance becomes about both competing interests as well as competing conceptions and expectations of accountability.
History
Publication status
- Published
File Version
- Published version
Journal
Development and ChangeISSN
0012-155XPublisher
WileyExternal DOI
Department affiliated with
- SPRU - Science Policy Research Unit Publications
Full text available
- Yes
Peer reviewed?
- Yes
Legacy Posted Date
2018-03-27First Open Access (FOA) Date
2018-12-06First Compliant Deposit (FCD) Date
2018-03-27Usage metrics
Categories
No categories selectedKeywords
Licence
Exports
RefWorks
BibTeX
Ref. manager
Endnote
DataCite
NLM
DC