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Higher education in Asian countries and the role of international ...

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5.3.2.2 World Bank’s lend<strong>in</strong>g <strong>in</strong>struments<br />

196<br />

The World Bank <strong>of</strong>fers two basic types <strong>of</strong> lend<strong>in</strong>g<br />

<strong>in</strong>struments to its client governments:<br />

<strong>in</strong>vestment loans <strong>and</strong> development policy loans.<br />

Depend<strong>in</strong>g on its eligibility, a member country<br />

will draw on loans from ei<strong>the</strong>r IBRD or IDA to<br />

support a lend<strong>in</strong>g project. Whe<strong>the</strong>r <strong>the</strong> money is<br />

lent through IBRD or IDA determ<strong>in</strong>es <strong>the</strong> terms <strong>of</strong> <strong>the</strong> loan.<br />

5.3.3 Grants<br />

A limited number <strong>of</strong> grants are available through <strong>the</strong> Bank, funded ei<strong>the</strong>r directly or through<br />

partnerships. Most are designed as seed money for pilot projects with <strong>in</strong>novative approaches <strong>and</strong><br />

technologies.<br />

5.3.4 Capacity build<strong>in</strong>g through <strong>in</strong>formation dissem<strong>in</strong>ation<br />

Shar<strong>in</strong>g <strong>of</strong> <strong>in</strong>formation is as important as its collection <strong>and</strong> preservation because it helps all<br />

stakeholders to take <strong>in</strong>formed decisions <strong>and</strong> to advance <strong>in</strong> a right direction. Fur<strong>the</strong>rmore <strong>the</strong><br />

<strong>in</strong>formation is one <strong>of</strong> <strong>the</strong> important factors <strong>in</strong> <strong>the</strong> process <strong>of</strong> knowledge generation. The World<br />

Bank uses multiple means to dissem<strong>in</strong>ate <strong>the</strong> <strong>in</strong>formation, ideas <strong>and</strong> statistics; Publications,<br />

conferences, workshops, research studies, data repositories, search tools, newsletters etc.<br />

5.3.4.1 Publications<br />

Every year Executive Directors <strong>of</strong> <strong>the</strong> World Bank prepare issue <strong>and</strong> make available for all<br />

stakeholders a detailed account <strong>of</strong> <strong>the</strong> Bank‟s activities that is called “The World Bank Annual<br />

Report”. Fur<strong>the</strong>rmore every year <strong>the</strong> Bank Group also produces more than 200 publications on a<br />

wide variety <strong>of</strong> <strong>the</strong> subjects cover<strong>in</strong>g different subjects <strong>and</strong> geographical regions; it <strong>in</strong>cludes<br />

studies on policy reforms, spend<strong>in</strong>g, evaluation, <strong>and</strong> economic <strong>and</strong> environmental reviews. The<br />

Bank also conducts special research studies <strong>in</strong> different fields <strong>of</strong> action <strong>in</strong>clud<strong>in</strong>g <strong>education</strong>.<br />

The World Bank Group produced more than 15,000 titles <strong>and</strong> reports <strong>in</strong> 18 different fields s<strong>in</strong>ce<br />

its <strong>in</strong>ception, only 734 (5%) <strong>of</strong> <strong>the</strong>m are on <strong>education</strong> sector that also <strong>in</strong>cludes 73 publication are<br />

on higher <strong>education</strong> sub-sector. The publication on <strong>education</strong> covers a wide range <strong>of</strong> subjects

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