The World Bank Institute was established by the World 13an!; in 1955 to train oificials coineern.cd with development planning, policymaking. nsestnient analysis, and project implemcntation In member developing countries At present the substance of WBI's ssork cnmphaslzes macroeconomic and sectoral policy analysis. Through a variety of courses, scmin.rs., sorkshops. and other learninp activities, most of which are given overseas in coopcration witl localinstitutions. NWBI sceks tosharpin analytical skills used in policy analysis and to broaden undcrstandtiri (if the CxpCriciCee Of 1ndis Id&L! countries with economic and social developmnmt. Although WRi's publitatioIs aue designed to support its training activities, many are of interest to a much broader audience This report has been prepared by the staff of thc World Bantk The judgments cxpresscd di niLt necessarily rcflect the views of the Board of Executivc Dircc.or, or ortthe goxernments they represent The material in this publication is copyrighted The World Bi,nl CnLouraocs disseinnation ot ts work and will normally grant permission promptly. Permission to photocopy items for intemal or personal use I or th minternal or personal usc ot spectCtL clients, or for educational classroom use is granted by the Wotd Ban!,, provided that the appropriatc fee is paid directly to the Copyright Clearance ('enter, Inc ,2'2 Roscs otid Dn%e, Danters., MA 01 923, U S A., telephone 978-75t)-8400, fax 978-750 "70) t'leasc contact thei Cop) rihlit Clearance CentLr beforc photocopying items For permission to reprint individual articles or LhdpterS. please fax 3our request with comprL'2 information to the Republication Department, Copyright Clcarancc ('enitr, tax 978-750-4470 All other queries on rights and licenses shouli' h. addres.Ld to the World Bank at the address Ubos or faxed to 202-522-2422 The backlist of publications by the World Ban! is shosso in mthe amiual h,iden of PithlIi otio.Js whizh
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