Skola, Thomas J.

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University of Miami School of Law

University of Miami Law SchoolInstitutional RepositoryUniversity of Miami Inter-American Law Review10-1-1983Doing Business With The International DevelopmentOrganizations in Washington, D.C. by Maurice Wolfand Elting ArnoldThomas J. SkolaFollow this and additional works at: http://repository.law.miami.edu/umialrThis Book Review is brought to you for free and open access by Institutional Repository. It has been accepted for inclusion in University of Miami Inter-American Law Review by an authorized administrator of Institutional Repository. For more information, please contact library@law.miami.edu.Recommended CitationThomas J. Skola, Doing Business With The International Development Organizations in Washington, D.C. by Maurice Wolf and EltingArnold, 15 U. Miami Inter-Am. L. Rev. 409 (1983)Available at: http://repository.law.miami.edu/umialr/vol15/iss2/8BOOK REVIEWDoing Business With The InternationalDevelopment Organizations inWashington, D.C.By MAURICE WOLF AND ELTING ARNOLDTAX MANAGEMENT INC., 1982This Portfolio, which is part of the Tax Management Series, isaimed at a rather selective audience of attorneys and scholars whoare interested in how the international development organizationsoperate. This audience would presumably include attorneys whocounsel their clients regarding project financing in the ThirdWorld, as well as persons generally interested in the requirements,conditions and processes involved in doing business with orthrough any of the major international development organizations.Since so little is written on the actual procedures, policies andpractices of such organizations, this Portfolio is a welcomed refer-ence source.The international development organizations covered by thisPortfolio are:1. The International Bank for Reconstruction and Develop-ment, or as it is more familiarly known, the World Bank;2. The International Development Association ("IDA"), the so-called "soft" window of the World Bank Group;3. The International Finance Corporation ("IFC"), the privateenterprise subsidiary of the World Bank, which makes loans andparticipates in equity investment to private enterprises, as wellas "mixed" enterprises in the Third World; and4. The Inter-American Development Bank ("IDB"), the largestand oldest of the regional banks (also the only one located inWashington) which finances projects in Latin America and theCaribbean, and which is becoming more and more similar to theWorld Bank, especially in membership on the part of the capi-tal-supplying countries.Each of these organizations is covered separately in this Port-folio. Each entity is described generally with an explanation of itsLAWYER OF THE AMERICASbackground and objectives. The general description is followed bya detailed analysis of the functional activities of each entity. Sub-sequent sections discuss the provision of goods, machinery andequipment for projects financed by the entities, as well as the rulesand regulations governing such procurement policies and practices.The relationship between national laws of the country where theproject will be carried out and the "law" of the financing institu-tion are also explained.Other sections of this Portfolio discuss the provision of ser-vices for projects, consultancy policies and procedures. The differ-ent policies and procedures of each entity are analyzed separatelyand compared. The authors also deal with the provision of fundsfor projects and such financial arrangements as parallel financingand suppliers' credits. The Portfolio concludes with a discussion ofthe laws governing relationships with the international organiza-tions. This legal analysis discusses their privileges and immunities,jurisdiction and competence of national courts, as well as the lawsrelating to the sale of goods and the provision of services for theprojects which these international development organizationsfinance. The authors note that "this Portfolio, then, is intended toprovide a 'nuts and bolts' approach for working with the interna-tional development organization in Washington."The Portfolio is very detailed and practical. Its "Working Pa-pers" list the information required for loans and other applica-tions, guidelines governing lending, guarantees and procurement,and other relevant information. The Tax-Pattern Outline gives abrief summary of potential tax problems. The Detailed Analysisdiscusses these problems in depth and provides a guide to theAnalysis in the Table of Contents. The Portfolio also contains anample Bibliography. In addition, since this Portfolio is part of theTax Management Series, it will be updated on a regular basis withthe latest developments in this area reported on pink Charges andAddition sheets as conditions warrant.Consequently, one must conclude that the authors have pro-duced an extremely effective guide to -dealing with the Interna-[Vol. 15:2BOOK REVIEWtional Development Organizations. The subject matter is thor-oughly covered, thus providing the practitioner and scholar with auseful reference tool.THOMAS J. SKOLA** Member of the firm of Taylor, Brion, Buker & Greene, Miami, Florida. Admitted tothe Bars of New York, Florida and the Federative Republic of Brazil.1983]

\u3cem\u3eDoing Business With The International Development Organizations in Washington, D.C.\u3c/em\u3e by Maurice Wolf and Elting Arnold

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\u3cem\u3eDoing Business With The International Development Organizations in Washington, D.C.\u3c/em\u3e by Maurice Wolf and Elting Arnold

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