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  • 1
    Online Resource
    Online Resource
    Washington, D.C : The World Bank
    Language: English
    Pages: 1 Online-Ressource
    Series Statement: IEG Independent Evaluations and Annual Reviews
    Keywords: Conflict and Fragility ; CPE ; Development Economics and Aid Effectiveness ; Drought and Climate Shocks ; Macroeconomics and Economic Growth ; Mavroeconomic Vulnerabilities ; Unsustainable Development ; Weak Business Environment
    Abstract: The objective of this Country Program Evaluation (CPE) is to assess how well the World Bank Group supported Ethiopia in addressing key challenges that constrained its development and how that support adapted over time to respond to changing circumstances, an evolving relationship, and lessons from experience. The evaluation will cover fiscal years (FY)13-23. The time period is selected to include the last two Bank Group strategies to support Ethiopia and coincides with the period of theprevious two political administrations. The evaluation aims to inform the next Bank Group-supported Country Partnership Framework (CPF) for Ethiopia expected in FY25
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  • 2
    Language: English
    Pages: 1 Online-Ressource
    Series Statement: IEG Independent Evaluations and Annual Reviews
    Keywords: 2018 Capital Increase Results ; Accountability ; Economic Policy, Institutions and Governance ; Final Report Commitment ; Governance ; Independent Evaluation ; International Governmental Organizations ; International Organizations ; Law and Development ; Macroeconomics and Economic Growth ; Poverty Impact Evaluation ; Poverty Reduction ; Poverty, Environment and Development ; Transparency ; World Bank Results
    Abstract: This report presents the Independent Evaluation Group's validation of the World Bank Group's 2018 capital increase package (CIP). It assesses the World Bank Group's progress in implementing the CIP's policy measures and achieving its targets, as well as the quality of management's CIP reporting. The 2018 CIP boosted the Bank Group's financial firepower with a USD 7.5 billion paid-in capital increase for the International Bank for Reconstruction and Development (IBRD), USD 5.5 billion paid-in capital increase for the International Finance Corporation (IFC), USD 52.6 billion callable capital increase for IBRD, and internal savings measures. The CIP also included a policy package that committed Bank Group management to policy actions linked to the Bank Group's 2016 Forward Look strategy. The CIP committed to reporting annually on its implementation and an independent assessment after five years. This report fulfills the commitment to an independent assessment. This validation builds on management's own reporting and other complementary evidence to assess the World Bank Group's progress in implementing the CIP's policy measures and achieving its targets. The report also assesses the quality of management's CIP reporting. The report points to lessons on developing, implementing, and reporting corporate initiatives and commitments, such as the importance of having clear strategies or action plans, explicit buy-in from senior management, and accurate reporting with meaningful indicators and realistic targets
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  • 3
    Language: English
    Pages: 1 Online-Ressource
    Series Statement: IEG Independent Evaluations and Annual Reviews
    Keywords: Constraints ; Economic Development ; Economic Growth ; Macroeconomics and Economic Growth ; Policy Coherence ; Policy Implementation ; SOES
    Abstract: This Country Program Evaluation assesses the development effectiveness of the World Bank Group's support to Morocco between fiscal year FY11 and FY21. The report evaluates the World Bank Group's contribution in solving four systemic constraints to Morocco's development: (i) lack of policy coherence with the country's development aspirations; (ii) an uneven economic playing field that favors some firms and stateowned enterprises (SOEs), creates rent-seeking behaviors, and discourages new entrants; (iii) weak policy implementation caused by the limited public sector capacity to carry out reforms; and (iv) weak citizen, labor force, and subnational participation in the country's development. This evaluation identifies lessons to guide future World Bank engagement in Morocco, including: (a) at times, it is possible for the World Bank to gain traction in Morocco's policy reforms by trading recognition for influence; (b) global benchmarking data can be effectively utilized to motivate reforms; (c) IFC can significantly impact the business environment and financial architecture reforms by effectively deploying its advisory work to influence major companies, including SOEs, in making institutional changes; (d) the experience of PforR operations in Morocco suggests that to maximize their effectiveness, the World Bank needs to proactively involve the full range of stakeholders and ensure resources are deployed for technical assistance gaps; and (e) engagement at the subnational level requires the ability and willingness to take new risks and experiment with new approaches
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  • 4
    Language: English
    Pages: 1 Online-Ressource
    Series Statement: IEG Independent Evaluations and Annual Reviews
    Keywords: Development Challenges ; Economic Growth ; Growth and Job Creation ; Inclusion and Equity ; Labor Markets ; Macroeconomics and Economic Growth ; Resilience ; Social Protections and Labor ; Sustainability
    Abstract: The Country Program Evaluation (CPE) will seek to assess how well the Bank Group-supported strategy was aligned with Georgia's main development challenges and how effective the Bank Group's support was in addressing these challenges. The evaluation seeks to identify lessons that support the further adaptation and refinement of Bank Group engagement in support of the country's development priorities
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  • 5
    Online Resource
    Online Resource
    Washington, D.C : The World Bank
    Language: English
    Pages: 1 Online-Ressource
    Series Statement: Independent Evaluation Group Studies
    Keywords: Economic Forecasting ; Economic Growth ; Finance and Financial Sector Development ; Financial Regulation and Supervision ; Financial Sector and Social Assistance ; Macroeconomics and Economic Growth
    Abstract: The Results and Performance of the World Bank Group (RAP) report 2022 presents an annual review of evidence from IEG evaluations and validation work on the development effectiveness of the World Bank Group. This year's RAP will focus on the country level. The Bank Group's outcome orientation agenda emphasizes high-level outcomes, and, by focusing on the country level, the 2022 RAP aligns with that agenda. This focus also responds to the interest of members of the Bank Group's Board of Executive Directors for reporting on country level performance. In this context, the RAP will conduct an in-depth analysis of country level evidence contained in IEG's Country Program Evaluations (CPEs) and Completion and Learning Report Reviews (CLR Reviews) through two types of analyses. First, overall country program performance will be assessed by tracking country program ratings over time. Second, the country program will be used as the entry point to examine the extent to which the Bank Group's support (i.e., project portfolio and Advisory Services and Analytics) contributed to the achievement of the objectives of the Country Partnership Framework (CPF) and the intended development outcome. Furthermore, the extent to which there was a line of sight between the development outcome and high-level outcomes will also be examined
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  • 6
    Language: English
    Pages: 1 Online-Ressource
    Series Statement: Independent Evaluation Group Studies
    Keywords: Climate Change ; Economic Forecasting ; Economic Growth ; Finance and Financial Sector Development ; Financial Intermediation ; Financial Sector and Social Assistance ; Macroeconomics and Economic Growth ; Middle-Income Countries
    Abstract: Accounting for almost half of global gross domestic product and 70 percent of the world's population, middle-income countries (MICs) face multiple development challenges limiting achievement of the Sustainable Development Goals (SDGs), including poverty and inclusion, climate change, financial access, and economic diversification and market development. The International Finance Corporation's (IFC) portfolio is focused heavily on MICs. Additionality is the unique support that IFC brings to a private client or client country that is not typically offered by commercial sources of finance (IFC 2019). This evaluation assesses the unique support and value addition (additionality) that the International Finance Corporation (IFC) provides to middle-income countries (MICs). It will cover IFC's support of MICs through investment and advisory projects, and through its platforms and partnerships. The primary audience is the World Bank Group Board and IFC management and staff, however some findings of the evaluation will be relevant to a broader audience including multilateral and bilateral financing private sector activities, investors, and government officials and practitioners in client countries
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  • 7
    Language: English
    Pages: 1 Online-Ressource
    Series Statement: Independent Evaluation Group Studies
    Keywords: Economic Adjustment and Lending ; Economic Growth ; Fiscal Adjustment ; Gender ; Macroeconomics and Economic Growth ; Rural Development ; Rural Development Strategy and Policy
    Abstract: This Country Program Evaluation assesses the development effectiveness of the Bank Group's engagement in Madagascar between fiscal years 2007 and 2021 and surfaces lessons to inform the design and implementation of the next Bank Group-supported partnership strategy with Madagascar. The evaluation reviews the evolution of the Bank Group's engagement strategy and its implementation over and lessons from experience. It contains a more in depth assessment of Bank Group support in two areas that represent core development challenges: (i) elite capture and (ii) development of rural areas. Bank Group support was increasingly relevant to Madagascar's core development constraints and contributed to significant progress in several areas. World Bank support contributed to modernizing the country's tax and customs revenue administrations, improving revenue collection, and generating local revenues, as well as to improved subnational public financial management and decentralized management of natural resources and land certificates. In terms of rural development, Bank Group support contributed to short-term increases in agricultural production and greater food security, the development of value chains, and the government's increased ability to mitigate the impacts of shocks on Madagascar's most vulnerable populations to preserve critical human capital. Overall progress was hampered by limited success in designing interventions to avoid misuse by a few high-status individuals. In rural areas, overall progress in increasing small farmers productivity fell short because the adoption of technology to increase agricultural productivity did not adequately target smallholder production systems and did not provide sufficient incentives for farmers in the forest frontier to change their land use practices
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  • 8
    Online Resource
    Online Resource
    Washington, D.C : The World Bank
    Language: English
    Pages: 1 Online-Ressource
    Series Statement: Independent Evaluation Group Studies
    Keywords: Early Child and Children's Health ; Economic Growth ; Education ; Environment ; Health, Nutrition and Population ; Macroeconomics and Economic Growth ; Natural Disasters ; Primary Education ; Water Supply and Sanitation
    Abstract: The annual report looks back at the past fiscal year and explores how IEG's reports increasingly inform policy and decision making
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  • 9
    Language: English
    Pages: 1 Online-Ressource
    Series Statement: Independent Evaluation Group Studies
    Keywords: Conflict and Development ; Finance and Financial Sector Development ; Financial Structures ; Findings ; Insurance and Risk Mitigation ; Macroeconomics and Economic Growth ; Multilateral Investment Guarantee Agency
    Abstract: The Multilateral Investment Guarantee Agency (MIGA) introduced its Non-Honoring (NH) products - the Non-Honoring of Sovereign and Sub-Sovereign Financial Obligations and the Non-Honoring of Financial Obligations by a State-Owned Enterprise - in 2009. The objective of these products was to crowd-in private insurance capacity to support investments in International Development Association and Fragile and Conflict-Affected Situation countries, and to encourage state-owned enterprises to adopt good corporate governance, environmental and social sustainability practices. These products were expected to benefit guaranteed lenders through lower cost of financing and public sector borrowers through increased and more diversified funding sources. Since their introduction, the NH products have gained a substantial share of MIGA's overall business. This report provides the first independent evaluation of MIGA's experience with its NH products and aims to offer feedback and lessons to inform future strategies. The report reviewed all 34 NH projects implemented by MIGA between 2009 and 2019 to assess the extent to which they met their objectives and contributed to enhancing MIGA's development effectiveness and additionality. The report invites MIGA to address questions related to the suitability of these products for IDA and FCS countries and on the methodology for evaluating their development impact
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  • 10
    Online Resource
    Online Resource
    Washington, D.C : The World Bank
    Language: English
    Pages: 1 Online-Ressource
    Series Statement: Independent Evaluation Group Studies
    Keywords: COVID-19 ; Economic Assistance ; Economic Forecasting ; Economic Growth ; Economic Insecurity ; Foreign AID ; Human Capital ; Macroeconomics and Economic Growth ; Poverty
    Abstract: The Country Program Evaluation (CPE) for Tanzania assesses the World Bank Group's effectiveness and relevance in its work to help Tanzania address its key development challenges. The CPE will encompass two Bank Group strategy periods covering fiscal years (FY)12-16 and FY18-22. The evaluation aims to inform the next Bank Group Country Partnership Framework for Tanzania
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  • 11
    Online Resource
    Online Resource
    Washington, D.C : The World Bank
    Language: English
    Pages: 1 Online-Ressource
    Series Statement: Independent Evaluation Group Studies
    Keywords: Advisory Services ; Development Economics and Aid Effectiveness ; Finance and Financial Sector Development ; Governance ; International Governmental Organizations ; Macroeconomics and Economic Growth
    Abstract: IEG's Results and Performance of the World Bank Group 2021 report, also known as RAP 2021, assesses the World Bank Group's performance by analyzing the achievement of project and program objectives through validated ratings. The World Bank's outcome ratings steadily improved from FY10 onward and increased by an impressive 9 percentage points in FY20. The largest annual increase over the past five years. IFC's development outcome ratings increased for the first time in 10 years in all the industry groups and MIGA's continued to increase, as has been the case over the past decade. The RAP 2021 carries out an in-depth analysis of recent trends, for both the World Bank and the International Finance Corporation, to identify possible drivers behind the increase in project outcome ratings. The report also presents a novel analysis to measure the extent to which the World Bank either repeats project designs or introduces novelty to successor projects. This allowed IEG to detect when teams took informed risk and introduced new elements in projects and assess the effect of this behavior on outcome ratings. The report also analyzes the World Bank's selection of indicators and use of targets to understand how measurement practices affect ratings and performance. Results point to the need to complement project ratings data with associated evidence of outcomes achieved in client countries, which supports the centrality of the outcome orientation agenda
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  • 12
    Online Resource
    Online Resource
    Washington, D.C : The World Bank
    Language: English
    Pages: 1 Online-Ressource
    Series Statement: Independent Evaluation Group Studies
    Keywords: Covid-19 ; Finance and Financial Sector Development ; Financial Regulation and Supervision ; Fiscal and Monetary Policy ; Governance ; Macroeconomics and Economic Growth ; Private Sector
    Abstract: The Country Program Evaluation (CPE) for the Kyrgyz Republic seeks to assess the World Bank Group's efforts to help the Kyrgyz Republic address its main development challenges. The evaluation will cover fiscal years (FY)14-21 and is timed to inform the next Country Partnership Framework (CPF) between the Kyrgyz Republic and the Bank Group. The evaluation will assess (i) how relevant was the Bank Group's strategy and how it evolved over time, given changes in the country context and lessons from experience; (ii) the extent to which Bank Group support helped the Kyrgyz Republic foster increased private sector-led growth to reduce economic vulnerability; (iii) the extent to which Bank Group support helped improve central government governance and institutional capacity; and (vi) the extent to which Bank Group support improved local governance and the quality of, and access to, local public services
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  • 13
    Language: English
    Pages: 1 Online-Ressource
    Series Statement: Independent Evaluation Group Studies
    Keywords: Debt Management ; Development Economics and Aid Effectiveness ; Finance and Financial Sector Development ; Governance ; International Governmental Organizations ; Macroeconomics and Economic Growth
    Abstract: Much as for the rest of the World Bank Group, the past year has required an unprecedented degree of adaptation and agility from all staff at the Independent Evaluation Group (IEG). For many, fiscal year (FY)21 may feel like a bridge between the old life and the new. At the beginning of FY21, we were just growing accustomed to the full-time remote work required by a worsening global coronavirus (COVID-19) pandemic and realizing that the changes were semipermanent. At IEG, we settled in for the long haul, quickly adjusting our ways of sharing information and methods of evaluation to overcome these new challenges. By the end of the fiscal year, we had built confidence in our abilities to collect data, interview distant stakeholders, and devise new remote mission strategies. Evaluation too acts like a bridge, connecting hindsight and foresight through the objective analysis of past programs to find evidence that supports and informs positive change. Our job as evaluators is to share the insights and lessons derived from this evidence. In FY21, IEG focused on responding agilely to changing circumstances and innovating how we collected data and delivered our findings to those who needed them, when they needed them. We adapted our work program to align with the Bank Group's COVID-19 pandemic response while continuing to build a pipeline of relevant, timely, and robust evaluations focused on long-term development challenges
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