| Abstract: | This article is intended to contribute to debate over how development agencies should respond to what they perceive to be a new Washington-based policy agenda, and particularly with the question of whether collaboration with official agencies implementing that agenda may weaken more radical or alternative visions of development. The approach adopted is to locate these general arguments within a more narrowly defined policy arena—subsidization of credit. The second and third sections distinguish between a range of different points of view over credit subsidies within the World Bank and international NGOs, respectively. The fourth section then discusses opportunities and threats arising from NGO-donor collaboration, particularly co-finance agreements. The article also illustrates the need (a) to distinguish carefully between different elements of the new policy agenda, and (b) to analyse the diversity of views within development agencies as well as between them. © 1996 by John Wiley & Sons, Ltd. |
