Elisa Van Waeyenberge | SOAS University of London (original) (raw)

Papers by Elisa Van Waeyenberge

Understanding Aid at the Bank

Pluto Press eBooks, Sep 7, 2017

This paper provides a critical assessment of the Bank's housing policies, against the backdrop of... more This paper provides a critical assessment of the Bank's housing policies, against the backdrop of farreaching transformations of the financial sector across the world and a persistently dire shelter situation in developing countries. It situates the Bank's housing stance historically since its initial involvement in the sector in the early 1970s. This allows to shed light on systemic and analytical tendencies bearing on Bank housing policy with significant implications for the Bank's current policy stance, including its response (or lack thereof) to the dramatic experience with housing finance laid bare through the global financial and economic crisis.

Más allá de las tipologías. ¿Qué es una asociación público privada?

Pontificia Universidad Católica del Perú. Departamento de Ciencias Sociales eBooks, Oct 1, 2020

International Journal of Pluralism and Economics Education, 2019

The Open University's repository of research publications and other research outputs Recharting t... more The Open University's repository of research publications and other research outputs Recharting the history of economic thought: approaches to and student experiences of the introduction of pluralist teaching in an undergraduate economics curriculum

The IMF, Crises and Low-Income Countries: Evidence of Change?

Review of Political Economy, 2013

This paper assesses the policy role of the IMF in Low-Income Countries (LICs) in the wake of the ... more This paper assesses the policy role of the IMF in Low-Income Countries (LICs) in the wake of the global financial crisis and in response to its own claims of policy redesign and increased flexibility. The assessment focuses on the Fund's monetary and fiscal policy stance in a selection of case study countries over the period 2008−2010. The paper finds that while the IMF has allowed for modest and short-term fiscal and monetary accommodation as an immediate response to the crisis, the Fund's medium to long-term policy agenda has remained unchanged. Both theory and evidence suggest that the Fund remains committed to its pre-crisis policy priorities. Furthermore, the global financial crisis appears to have enabled the Fund to reassert its role as guardian of an orthodox macroeconomic order. These developments are particularly troublesome given that the Fund's prevailing macroeconomic framework continues to be inconsistent with the urgent development needs of LICs, where more expansionary fiscal policies and more liquidity-focused monetary policies are needed to support structural diversification, and foster sustainable and equitable growth and development.

Beyond typologies

Routledge eBooks, Dec 21, 2020

This chapter seeks to engage with the issues related public private partnerships (PPPs) to explic... more This chapter seeks to engage with the issues related public private partnerships (PPPs) to explicitly by unpacking different typologies that have been used to categorise PPPs. It develops a criticism of these typologies, despite their benevolent and often critical intent, arguing that they tend to draw attention away from the underlying shared features of PPP arrangements, that become obfuscated as differences in concrete arrangements are emphasised. The chapter considers both general PPP typologies as well as typologies that have been developed specifically for the health and education sectors, as two key infrastructure sectors. It focuses on efforts at categorising PPPs along particular typologies suggesting that these fail to give an adequate picture of the PPP phenomenon. In essence, it is argued that, while these typologies capture differences in PPPs in their own ways, and hence draw attention to different dimensions of concrete PPP arrangements, they tend to detract from the fundamental features shared across PPP arrangements

Tightening the Web: the World Bank and Enforced Policy Reform

Zed Books Ltd, 2010

All rights reserved INFORMATION TO ALL USERS The quality of this reproduction is d e p e n d e n ... more All rights reserved INFORMATION TO ALL USERS The quality of this reproduction is d e p e n d e n t upon the quality of the copy subm itted. In the unlikely e v e n t that the a u thor did not send a c o m p le te m anuscript and there are missing pages, these will be noted. Also, if m aterial had to be rem oved, a n o te will ind ica te the deletion.

The Private Turn in Development Finance

RePEc: Research Papers in Economics, Nov 30, 2015

The last few decades have seen dramatic changes in development finance. These have been accompani... more The last few decades have seen dramatic changes in development finance. These have been accompanied by a redefinition of the purpose of development cooperation. A strong belief in the potential of private flows to finance development has come to prevail and public or official flows have become increasingly deployed in support of private flows as the newly projected main source of development finance. This has specific implications regarding aid instruments, in particular through ‘blending’ and the attempt to rely increasingly on publicprivate partnerships. As aid and development cooperation become deployed increasingly to mobilize private finance, the core role of public finance for public goods is downplayed. This trend has accelerated as a result of the GFC with its specific implications for fiscal space to support ODA in developed economies. This Working Paper 140 is part of Deliverable D606 on the Financial Implications of the New Relationship between the EU and the Developing World.

Crisis? What crisis? The World Bank and Housing Finance for the Poor

RePEc: Research Papers in Economics, Jul 1, 2015

This paper provides a critical assessment of the Bank’s housing policies, against the backdrop of... more This paper provides a critical assessment of the Bank’s housing policies, against the backdrop of far-reaching transformations of the financial sector across the world and a persistently dire shelter situation in developing countries. It situates the Bank’s housing stance historically since its initial involvement in the sector in the early 1970s. This allows to shed light on systemic and analytical tendencies bearing on Bank housing policy with significant implications for the Bank’s current policy stance, including its response (or lack thereof) to the dramatic experience with housing finance laid bare through the global financial and economic crisis.

A Paradigm Shift that Never Will Be?: Justin Lin’s New Structural Economics

RePEc: Research Papers in Economics, 2013

Canadian Journal of Development Studies, Nov 17, 2020

This article scrutinises the first four months of the World Bank Group's Covid-19 response and re... more This article scrutinises the first four months of the World Bank Group's Covid-19 response and reveals a persistent prioritisation of private over public interests. The Group's private sector arm, the International Finance Corporation, and its financial sector clients, have prevailed in terms of emergency resource allocations. And, while support from the Group's public sector arms has been portrayed as aiming to strengthen public systems, recipient countries have been urged not to forego structural reforms in support of the private sector. This includes an enhanced focus on public-private partnerships to deliver ostensibly public services. The institution has seized the current crisis as an opportunity to intensify its "Maximising Finance for Development" approach. RÉSUMÉ Cet article examine les quatre premiers mois de la réponse du Groupe de la Banque Mondiale à la pandémie de COVID-19 et révèle la constante priorité que celui-ci a accordée aux intérêts publics. La filiale privée du Groupe, la Société Financière Internationale, ainsi que ses clients dans le secteur financier, ont pris le dessus dans l'allocation de ressources d'urgence. Et, tandis que le soutien apporté par les branche du secteur public du Groupe a été décrit comme ayant pour but de renforcer les systèmes publics, les pays receveurs ont été exhortés à ne pas abandonner leurs réformes structurelles en faveur du secteur privé. Cela inclut une attention particulière portée sur les partenariats public-privé qui visent à offrir des services ostensiblement publics. La crise en cours a de ce fait présenté à cette institution l'opportunité d'intensifier son approche visant à «Maximiser les financements pour le développement».

Environment and Planning A, Dec 9, 2017

crisis? A critical appraisal of World Bank housing policy in the wake of the global financial cri... more crisis? A critical appraisal of World Bank housing policy in the wake of the global financial crisis.

Selectivity at Work: Country Policy and Institutional Assessments at the World Bank

The European Journal of Development Research, Oct 28, 2009

The World Bank (WB) has been at the forefront of a redefinition of conditionality since the late ... more The World Bank (WB) has been at the forefront of a redefinition of conditionality since the late 1990s, away from finance in return for the promise of policy reform, as was typical under structural adjustment, towards the disbursement of funds conditional on what has already been achieved. Under ‘selectivity’ or performance-based aid, aid allocations are rationed on the basis of

The financialization of infrastructure in sub-Saharan Africa

Routledge eBooks, Mar 1, 2023

This Working Paper is issued under Macroeconomic Institutions Hub of the ESRC's Rebuilding Macroe... more This Working Paper is issued under Macroeconomic Institutions Hub of the ESRC's Rebuilding Macroeconomics network. One or more of the authors of the Working Paper has received support from Rebuilding Macroeconomics or been an active participant in its research hubs and events. Rebuilding Macroeconomics is funded by the UK's Economic and Social Research Council (ESRC). Our aim is to transform macroeconomics back into a policy relevant social science. We bring together scholars of from many disciplines, policy makers, representatives of civil society and interested members of the public. We are particularly interested in interdisciplinary research and bringing new methods into macroeconomic analysis. Working Papers may include preliminary or incomplete work and they are circulated to encourage discussion and comment. Citations and use of such papers should take this position into account.

A Knowledge Bank?

Pluto Press eBooks, Sep 7, 2017

The post-Washington Consensus

Routledge eBooks, Jul 20, 2017

Understanding Aid at the Bank

Pluto Press eBooks, Sep 7, 2017

This paper provides a critical assessment of the Bank's housing policies, against the backdrop of... more This paper provides a critical assessment of the Bank's housing policies, against the backdrop of farreaching transformations of the financial sector across the world and a persistently dire shelter situation in developing countries. It situates the Bank's housing stance historically since its initial involvement in the sector in the early 1970s. This allows to shed light on systemic and analytical tendencies bearing on Bank housing policy with significant implications for the Bank's current policy stance, including its response (or lack thereof) to the dramatic experience with housing finance laid bare through the global financial and economic crisis.

Más allá de las tipologías. ¿Qué es una asociación público privada?

Pontificia Universidad Católica del Perú. Departamento de Ciencias Sociales eBooks, Oct 1, 2020

International Journal of Pluralism and Economics Education, 2019

The Open University's repository of research publications and other research outputs Recharting t... more The Open University's repository of research publications and other research outputs Recharting the history of economic thought: approaches to and student experiences of the introduction of pluralist teaching in an undergraduate economics curriculum

The IMF, Crises and Low-Income Countries: Evidence of Change?

Review of Political Economy, 2013

This paper assesses the policy role of the IMF in Low-Income Countries (LICs) in the wake of the ... more This paper assesses the policy role of the IMF in Low-Income Countries (LICs) in the wake of the global financial crisis and in response to its own claims of policy redesign and increased flexibility. The assessment focuses on the Fund's monetary and fiscal policy stance in a selection of case study countries over the period 2008−2010. The paper finds that while the IMF has allowed for modest and short-term fiscal and monetary accommodation as an immediate response to the crisis, the Fund's medium to long-term policy agenda has remained unchanged. Both theory and evidence suggest that the Fund remains committed to its pre-crisis policy priorities. Furthermore, the global financial crisis appears to have enabled the Fund to reassert its role as guardian of an orthodox macroeconomic order. These developments are particularly troublesome given that the Fund's prevailing macroeconomic framework continues to be inconsistent with the urgent development needs of LICs, where more expansionary fiscal policies and more liquidity-focused monetary policies are needed to support structural diversification, and foster sustainable and equitable growth and development.

Beyond typologies

Routledge eBooks, Dec 21, 2020

This chapter seeks to engage with the issues related public private partnerships (PPPs) to explic... more This chapter seeks to engage with the issues related public private partnerships (PPPs) to explicitly by unpacking different typologies that have been used to categorise PPPs. It develops a criticism of these typologies, despite their benevolent and often critical intent, arguing that they tend to draw attention away from the underlying shared features of PPP arrangements, that become obfuscated as differences in concrete arrangements are emphasised. The chapter considers both general PPP typologies as well as typologies that have been developed specifically for the health and education sectors, as two key infrastructure sectors. It focuses on efforts at categorising PPPs along particular typologies suggesting that these fail to give an adequate picture of the PPP phenomenon. In essence, it is argued that, while these typologies capture differences in PPPs in their own ways, and hence draw attention to different dimensions of concrete PPP arrangements, they tend to detract from the fundamental features shared across PPP arrangements

Tightening the Web: the World Bank and Enforced Policy Reform

Zed Books Ltd, 2010

All rights reserved INFORMATION TO ALL USERS The quality of this reproduction is d e p e n d e n ... more All rights reserved INFORMATION TO ALL USERS The quality of this reproduction is d e p e n d e n t upon the quality of the copy subm itted. In the unlikely e v e n t that the a u thor did not send a c o m p le te m anuscript and there are missing pages, these will be noted. Also, if m aterial had to be rem oved, a n o te will ind ica te the deletion.

The Private Turn in Development Finance

RePEc: Research Papers in Economics, Nov 30, 2015

The last few decades have seen dramatic changes in development finance. These have been accompani... more The last few decades have seen dramatic changes in development finance. These have been accompanied by a redefinition of the purpose of development cooperation. A strong belief in the potential of private flows to finance development has come to prevail and public or official flows have become increasingly deployed in support of private flows as the newly projected main source of development finance. This has specific implications regarding aid instruments, in particular through ‘blending’ and the attempt to rely increasingly on publicprivate partnerships. As aid and development cooperation become deployed increasingly to mobilize private finance, the core role of public finance for public goods is downplayed. This trend has accelerated as a result of the GFC with its specific implications for fiscal space to support ODA in developed economies. This Working Paper 140 is part of Deliverable D606 on the Financial Implications of the New Relationship between the EU and the Developing World.

Crisis? What crisis? The World Bank and Housing Finance for the Poor

RePEc: Research Papers in Economics, Jul 1, 2015

This paper provides a critical assessment of the Bank’s housing policies, against the backdrop of... more This paper provides a critical assessment of the Bank’s housing policies, against the backdrop of far-reaching transformations of the financial sector across the world and a persistently dire shelter situation in developing countries. It situates the Bank’s housing stance historically since its initial involvement in the sector in the early 1970s. This allows to shed light on systemic and analytical tendencies bearing on Bank housing policy with significant implications for the Bank’s current policy stance, including its response (or lack thereof) to the dramatic experience with housing finance laid bare through the global financial and economic crisis.

A Paradigm Shift that Never Will Be?: Justin Lin’s New Structural Economics

RePEc: Research Papers in Economics, 2013

Canadian Journal of Development Studies, Nov 17, 2020

This article scrutinises the first four months of the World Bank Group's Covid-19 response and re... more This article scrutinises the first four months of the World Bank Group's Covid-19 response and reveals a persistent prioritisation of private over public interests. The Group's private sector arm, the International Finance Corporation, and its financial sector clients, have prevailed in terms of emergency resource allocations. And, while support from the Group's public sector arms has been portrayed as aiming to strengthen public systems, recipient countries have been urged not to forego structural reforms in support of the private sector. This includes an enhanced focus on public-private partnerships to deliver ostensibly public services. The institution has seized the current crisis as an opportunity to intensify its "Maximising Finance for Development" approach. RÉSUMÉ Cet article examine les quatre premiers mois de la réponse du Groupe de la Banque Mondiale à la pandémie de COVID-19 et révèle la constante priorité que celui-ci a accordée aux intérêts publics. La filiale privée du Groupe, la Société Financière Internationale, ainsi que ses clients dans le secteur financier, ont pris le dessus dans l'allocation de ressources d'urgence. Et, tandis que le soutien apporté par les branche du secteur public du Groupe a été décrit comme ayant pour but de renforcer les systèmes publics, les pays receveurs ont été exhortés à ne pas abandonner leurs réformes structurelles en faveur du secteur privé. Cela inclut une attention particulière portée sur les partenariats public-privé qui visent à offrir des services ostensiblement publics. La crise en cours a de ce fait présenté à cette institution l'opportunité d'intensifier son approche visant à «Maximiser les financements pour le développement».

Environment and Planning A, Dec 9, 2017

crisis? A critical appraisal of World Bank housing policy in the wake of the global financial cri... more crisis? A critical appraisal of World Bank housing policy in the wake of the global financial crisis.

Selectivity at Work: Country Policy and Institutional Assessments at the World Bank

The European Journal of Development Research, Oct 28, 2009

The World Bank (WB) has been at the forefront of a redefinition of conditionality since the late ... more The World Bank (WB) has been at the forefront of a redefinition of conditionality since the late 1990s, away from finance in return for the promise of policy reform, as was typical under structural adjustment, towards the disbursement of funds conditional on what has already been achieved. Under ‘selectivity’ or performance-based aid, aid allocations are rationed on the basis of

The financialization of infrastructure in sub-Saharan Africa

Routledge eBooks, Mar 1, 2023

This Working Paper is issued under Macroeconomic Institutions Hub of the ESRC's Rebuilding Macroe... more This Working Paper is issued under Macroeconomic Institutions Hub of the ESRC's Rebuilding Macroeconomics network. One or more of the authors of the Working Paper has received support from Rebuilding Macroeconomics or been an active participant in its research hubs and events. Rebuilding Macroeconomics is funded by the UK's Economic and Social Research Council (ESRC). Our aim is to transform macroeconomics back into a policy relevant social science. We bring together scholars of from many disciplines, policy makers, representatives of civil society and interested members of the public. We are particularly interested in interdisciplinary research and bringing new methods into macroeconomic analysis. Working Papers may include preliminary or incomplete work and they are circulated to encourage discussion and comment. Citations and use of such papers should take this position into account.

A Knowledge Bank?

Pluto Press eBooks, Sep 7, 2017

The post-Washington Consensus

Routledge eBooks, Jul 20, 2017

The political economy of development: the World Bank, neoliberalism and development research.