'Certainly for me, it is a unique source and I would guess that for the entire world community interested in international institutions and the world of development, the book will be a mandatory reference work.'
James D. Wolfensohn, President, The World Bank Group (in his Foreword to Volume II of this book).
'Mr. Shihata describes in detail the efforts the Bank has made to respond to the criticisms [addressed to its work], and displays a sophisticated grasp of both the necessity for a public institution to look beyond IRR [internal rate of return] calculations, and the powerful resistance that must be overcome if the Bank is to provide long-term assistance to entire populations rather than short-term benefits to elites.'
Jan Paulson (in his review of Volume II of this book)
'…[t]his book provides "chapter and verse" by an insider-with his unique insights developed during the many years he has been involved in the actual operations of this remarkable institution.'
ASIL Newsletter, January 2001.
Table of contents
Foreword and Acknowledgements.
Part One: The Dynamic Evolution of the World Bank Within its Original Legal Framework.
1. Interpretation and Amendment of the IBRD Articles of Agreement.
2. Changing Conditions, Convictions and Aspiration Affecting the World Bank.
3. Major Changes in the Bank's Mandate.
Part Two: Institutional Aspects.
4. Democracy, Development and the World Bank.
5. Political Limitations on the Bank's Work.
6. Relevant Issues in the Establishment of a Sound Legal Framework for a Market Economy.
7. The Settlement of Disputes – General Prepositions and the World Bank's Approach and Experience.
8. World Bank Experience with Judicial Reform in Borrowing Countries – Some Relevant Issues.
9. Role of the Judiciary in the Prevention and Control of Corruption.
10. Some Aspects of Civil Service Reform.
Part Three: Operational Aspects.
11. The World Bank and the World Debt Problems.
12. Financing Local Expenditures – the Bank's Articles of Agreement as Applied in Practice.
13. Matter of State Succession in the Practice of the World Bank.
14. The World Bank's Protection and Promotion of Children's Rights.
15. The World Bank's Contribution to the Progressive Development of International Environmental Law.
16. Implementation, Enforcement and Compliance with International Environmental Agreements – Practical Suggestions in Light of the World Bank's Experience.
17. The World Bank Inspection Panel – Its Historical, Legal and Operational Aspects.
18. Corruption – A General Review with an Emphasis on the Role of the World Bank.
19. Some Recent Trends in Banking Law and Regulations.
20. The Experience of the International Centre of Settlement of Investment Disputes.
21. ICSID and Investment Treaties.
Publications by the Author.