In principle is customization, as complicated as it sounds,

      In order to understand fully the
conditionalities, it is important to know that they are divided into four
types, each type consists on specific conditionalities that the World Bank puts
to make sure that the countries that request loans are in fact going to use the
money in a good purpose.

–         
Fiduciary conditionality: this type consists on verifying that the finance
given is used for the goals specified;

We Will Write a Custom Essay Specifically
For You For Only $13.90/page!


order now

–         
Process conditionalities: Which is the management of funds, in other terms,
making sure that if the procedures are well followed or not, by making
processes to manage that.

–         
Outcome conditionality: By measuring the GDP (Gross Domestic Product) growth
or poverty reduction, those indicators can give a lot about the situation of
all the countries of the world.

–         
Policy conditionality or economic policy
conditionality: This type
consists on putting policies that help achieving the goals and objectives
intended.

      The application of these conditionalities
can be tricky, and that is why, there are principles that need to be respected
to have a good practice and flexibility. The first principle is ownership, it means that the country’s
governments have the right to express its policy intentions and rely on it. The
second one is harmonization which
important in order to have a coherent framework for measuring progress and
knowing where the process is going and what are the steps to do next. The third
principle is customization, as
complicated as it sounds, it only means that the frameworks used should never
be used to control by anyhow the government’s agenda. The fourth principle is criticality in a way that staff should
choose only actions critical or helpful for the goal achievement process, so we
can realize actions in an efficient way and concretize optimization. And finally, transparency. In any process,
transparency is fundamental to have justice and clear actions.