Table of Contents

Prologue PART I: A WILL TO SUCCEED 1948-61 Planning for a Better World Tropical Allsorts: A False Start Stemming the Losses Adjusting the Mandate Financial Reorganisation The Score Card Notes PART II: AN AGENCY FOR DEVELOPMENT 1962-79 Easing the Finding Constraint Aid and Development Jubilee Stocktaking Targeting the Poor Notes PART III: MAKING A BUSINESS OF DEVELOPMENT 1980-93 Commercial Borrowing Mirage Nothing but a Bank The Fan Club Raising Standards Moving Into Top Gear An Environmental Problem Monopolies and Mergers Commission Hopes Deferred A Business of Sorts Notes PART IV: REINVENTING CDC 1994-99 Strategy Reviews A Battle of Wills Escaping the Funding Impasse Understanding the Funding Partnership Reconciling God and Mammon Facing the Future Notes Principal Reports CDC Leaders Ministers Responsible for CDC, 1948-98 CDC Financial Highlights, 1951-97 The Financial Record 1948-99 Index

About the Author

SIR MICHAEL MCWILLIAM KCMG was a member of the Board of Commonwealth Development Corporation from 1980-86. After a career in banking leading to the post of Chief Executive of Standard Chartered Bank from 1983-88, he was appointed Director of the School of Oriental and African Studies from 1989-96 and is an honorary fellow of the School. Sir Michael is chairman of the Royal Commonwealth Society and of The Royal African Society.