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Boosting Market Confidence to Support Key Development Efforts: Three Lessons from Indonesia

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Boosting Market Confidence to Support Key Development Efforts
This brief captures the lessons from evaluating the World Bank’s Public Expenditure Support Facility (DPL-DDO) in Indonesia. This brief captures the lessons from evaluating the World Bank’s Public Expenditure Support Facility (DPL-DDO) in Indonesia.

The Three Pillars of a Working Evaluation Function: IEG's Experience

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The Three Pillars of a Working Evaluation Function
The second in a 3-part retrospective series by Director General Caroline Heider.The second in a 3-part retrospective series by Director General Caroline Heider.

Turkey: Istanbul Seismic Risk Mitigation and Emergency Preparedness Project (PPAR) (Turkish version)

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This version of the PPAR report has been translated to Turkish. Turkey faces high vulnerability to earthquakes, with Istanbul posing the most serious risk due its high seismic risk and its role as the population and economic center of Turkey. A major earthquake near Istanbul in 1999 led to over 17,000 deaths and damage estimated at $US 5-13 billion. The World Bank supported a post-earthquake Show MoreThis version of the PPAR report has been translated to Turkish. Turkey faces high vulnerability to earthquakes, with Istanbul posing the most serious risk due its high seismic risk and its role as the population and economic center of Turkey. A major earthquake near Istanbul in 1999 led to over 17,000 deaths and damage estimated at $US 5-13 billion. The World Bank supported a post-earthquake reconstruction project over 1999-2006, but vulnerability to earthquakes remained high, especially for Istanbul. A major earthquake in Istanbul would be catastrophic, and could derail the country’s development trajectory. The government was committed to undertaking disaster risk mitigation, but needed external assistance and support to do so. The World Bank was a suitable partner based on its financing capacity, technical expertise in disaster risk management and mitigation, and credibility and trust in Turkey based on prior disaster risk management engagements. These considerations motivated the creation of the Istanbul Seismic Risk Mitigation and Emergency Preparedness Project (ISMEP) as a proactive risk mitigation effort. Ratings for the Istanbul Seismic Risk Mitigation and Emergency Preparedness Project are as follows: Outcome is highly satisfactory, Risk to development outcome is negligible, Bank performance is satisfactory, and Borrower performance is highly satisfactory. The project offers the following lessons: (i) A sub-national multisector model can be highly effective for reducing disaster risk in a well-functioning major metropolitan area, even in a country where these approaches are unusual. (ii) A semi-autonomous professional project coordination unit can help to ensure effective and efficient project implementation even when dealing with many stakeholders and beneficiary agencies. (iii) Even highly successful project models may not be replicated if they cannot generate strong government ownership and if they rely on exceptional measures. (iv) The World Bank can achieve large scale impact by creating effective project platforms that are able to attract additional financing from other institutions. (v) The World Bank can offer significant value to clients from financing, access to technology, project management experience, and influence - even in megacities in high capacity upper middle-income countries. (vi) Pilot efforts may not support learning if they do not have monitoring and evaluation systems that assess their contribution to program objectives and draw conclusions for the design of future interventions. (vii) Small grants to support municipalities in digitizing their processes can have a significant impact on efficiency and transparency if coupled with highly motivated municipal leadership.

Looking back at 7 Years at the Helm of IEG

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Looking back at 7 Years at the Helm of IEG
The first in a 3-part retrospective series by Director General Caroline Heider.The first in a 3-part retrospective series by Director General Caroline Heider.

How is the World Bank Group Supporting Environmental Sustainability?

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How is the World Bank Group Supporting Environmental Sustainability?
Join us to discuss and debate what more the World Bank Group needs to do to ensure environmental sustainability.Join us to discuss and debate what more the World Bank Group needs to do to ensure environmental sustainability.

Can Ethiopia Create 2 Million Jobs Every Year?

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Can Ethiopia Create 2 Million Jobs Every Year
Insights from a recent High-level Forum on job creation in the rural non-farm economy, held in Addis Ababa.Insights from a recent High-level Forum on job creation in the rural non-farm economy, held in Addis Ababa.

Enriching Evaluation near the Alps: IPDET 2.0 Delivers on its Promise

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Enriching Evaluation near the Alps
Launched this summer, the updated and revised IPDET evaluation training program was a resounding success.Launched this summer, the updated and revised IPDET evaluation training program was a resounding success.

Burkina Faso: Growth and Competitiveness Credits 1-4 (PPAR)

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This Project Performance Assessment Report (PPAR) evaluates the Growth and Competitiveness Credit Development Policy Financing series (I–IV) implemented in Burkina Faso between 2012 and 2015. The total cost of the four operations was $359 million equivalent. The first operation was approved by the Board of the International Development Association (IDA) on June 26, 2012, and the last on April 2, Show MoreThis Project Performance Assessment Report (PPAR) evaluates the Growth and Competitiveness Credit Development Policy Financing series (I–IV) implemented in Burkina Faso between 2012 and 2015. The total cost of the four operations was $359 million equivalent. The first operation was approved by the Board of the International Development Association (IDA) on June 26, 2012, and the last on April 2, 2015. The series closed on December 31, 2015. The Independent Evaluation Group (IEG) prepared the report based on interviews, a review of World Bank files, and documents and data collected during a field visit to Burkina Faso in November 2017. The mission met with World Bank staff, government officials, beneficiaries of the reforms, donors, academia, and civil society groups. The evaluation also draws from interviews with the task team leaders and country manager of Burkina Faso. The series followed 11 budget support operations of the Poverty Reduction Support Credits and Grants 1–11 in Burkina Faso and was the only type of development policy operation financed by IDA resources during the period.

Guidelines for Reviewing World Bank Implementation Completion and Results Reports: A Manual for Evaluators

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The Implementation Completion and Results Report (ICR) is one of the main instruments of self-evaluation of the World Bank. It is prepared by the World Bank at the close of every IDA or IBRD-funded operation or, in the case of a series of programmatic policy operations, at the end of a series of operations. The ICR Review, conducted by IEG, is an independent, desk-based, critical review of the Show MoreThe Implementation Completion and Results Report (ICR) is one of the main instruments of self-evaluation of the World Bank. It is prepared by the World Bank at the close of every IDA or IBRD-funded operation or, in the case of a series of programmatic policy operations, at the end of a series of operations. The ICR Review, conducted by IEG, is an independent, desk-based, critical review of the evidence, results, and ratings of the ICR in relation to the operation’s design documents. Based on the evidence provided in the ICR and an interview with the last task team leader, IEG arrives at its own ratings for the project, based on the same evaluation crite-ria as the Bank. This document provides a set of guidelines for reviewing ICR Reviews.

Hope or Hype? Attracting Investors to Emerging Markets and Developing Economies

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Attracting Investors to Emerging Markets and Developing Economies
To explore investors’ current interests and concerns about EMDEs and their implications for the World Bank Group, IEG conducted a Global Institutional Investor Survey reaching 3,000 institutional investors. Here we analyze their responses.To explore investors’ current interests and concerns about EMDEs and their implications for the World Bank Group, IEG conducted a Global Institutional Investor Survey reaching 3,000 institutional investors. Here we analyze their responses.