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The World Bank and the Globalisation of Housing Finance

Mortgaging Development

Liam Clegg

The World Bank remains one of the most prominent actors in the field of global development, and one of the foremost international organisations in contemporary global politics. Over its history, its lending for housing has mortgaged development by prioritising financial sector expansion over the needs of low-income groups. Through this book, Liam Clegg explores the drivers of World Bank operational practices, and the contribution of these operations to state transformations across the global South.
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Abbreviations

Mortgaging Development

Liam Clegg

BANOBRASNational Services and Public Works Bank (Mexico)
CCMChama cha Mapinduzi, or Party of the Revolution (Tanzania)
CPSCentral Projects Staff (World Bank)
FEUDFinance, Economics, and Urban Development (World Bank)
FONHAPONational Trust Fund for Popular Housing (Mexico)
FOVINational Housing Fund (Mexico)
FPSDIFinance, Private Sector Development, and Infrastructure (World Bank)
HMFFHousing Micro-Finance Fund (Tanzania)
HPFHousing Provident Fund (China)
IBRDInternational Bank for Reconstruction and Development (World Bank)
IDAInternational Development Association (World Bank)
IDBInter-American Development Bank
IFCInternational Finance Corporation (World Bank)
IMFInternational Monetary Fund
NHCNational Housing Corporation (Tanzania)
PANParty of National Action (Mexico)
PRIInstitutional Revolutionary Party (Mexico)
SHFSociedad Hipotecaria Federal (Mexico)
SOFOLEnon-bank mortgage lender (Mexico)
THBTanzania Housing Bank
TMRCTanzania Mortgage Refinance Company
UPDUrban Projects Department (World Bank)