Jonathan E. Sanford - U.S. Foreign Policy And Multilateral Development Banks

First published 1982 by Westview Press

Published 2019 by Routledge

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Library of Congress Catalog Card Number: 82-050178

ISBN 13: 978-0-367-21240-7 (hbk)

A funny thing happened on the way to the printer. In 1980, I signed a contract to prepare this book for publication, with an original target date for submission in late Spring, 1981. Two events subsequently occurred which held up its submission until late 1981. First, Ronald Reagan was elected President and inaugurated in January 1981, at the head of an administration which seemed to view the multilateral development bank (MDB) program rather differently than did the preceding Carter administration. Major changes were possible for U.S. policy in this area. Second, in February, I had an opportunity in 1981 to be staff director of the subcommittee of the House Banking Committee which is responsible for MDB authorizing legislation. The final preparation of the manuscript had to be put off until late in the year, after the Reagan administration had assessed the MDB program and formulated its policies and Congress had passed most of its 1981 MDB legislation. The bode is therefore essentially complete through the first year of the Reagan administration. The extended coverage and the insights gathered through closer participation in the legislative process should compensate for the delay.

This book has its origins in my dissertation on U.S. policy toward the multilateral banks, completed in 1977 at the American University. It also grows out of my work and experience, since 1973, as a foreign affairs analyst with the Congressional Research Service specializing in international political economy and multilateral development bank issues. In preparing this study, I have sought to balance the sometimes conflicting imperatives which stem from my role as a scholar of the U.S. policy process and my responsibility as a confidential staff analyst for Congress. The objective has been to be as direct and thorough as possible without violating confidential relationships. The reader will, I hope, pardon some occasional careful wording and some ellipses concerning details; colleagues and principals hopefully will find that, even though the work touches some sensitive topics, it abuses no privileged relationship or information.