Book excerpt: An examination of the conflict between values and bureaucracy in World Bank biodiversity partnerships that sheds light on this model of global environmental governance. Multi-stakeholder partnerships have become an increasingly common form of global governance. Partnerships, usually between international organizations (IOs) or state agencies and such private actors as NGOs, businesses, and academic institutions, have even been promoted as the gold standard of good governance--participatory, innovative, and well-funded. And yet these partnerships often fail to live up to the values that motivated their establishment. In this book, Teresa Kramarz examines this gap between promise and performance by analyzing partnerships in biodiversity conservation initiatives launched by the World Bank.