IEG Country Assistance Strategy Completion Review - Colombia
The FY08 Country Partnership Strategy (CPS) was a joint strategy for the World Bank Group. A CPS Progress Report (CPSPR) was prepared in 2010. This review evaluates the CPS and CPSPR and their implementation and reviews the CPS Completion Report (CPSCR). It covers both IBRD and IFC activities.... Full Description »
The FY08 Country Partnership Strategy (CPS) was a joint strategy for the World Bank Group. A CPS Progress Report (CPSPR) was prepared in 2010. This review evaluates the CPS and CPSPR and their implementation and reviews the CPS Completion Report (CPSCR). It covers both IBRD and IFC activities.
Drawing on the National Development Plan, the CPS defined its objectives around five pillars: (i) sustained equitable growth; (ii) poverty alleviation and equity of opportunities; (iii) environment and natural resource management; (iv) peace and development; and (v) an efficient and effective government. Within these pillars, the particular objectives supported by IFC were: (i) strengthening the business environment, (ii) improving infrastructure and urban services, (iii) strengthening financial services (iv) agriculture and rural development, (v) education, (vi) renewable energy and new technologies for the power sector, and (vii) royalty management.
IEG rates the overall outcome as moderately satisfactory. The CPS identifies a number of lessons with which IEG agrees. Three additional lessons could be highlighted. First, in a middle-income country with good monitoring and evaluation capacity, the IBRD should rely on the country system to make its program more results-oriented. Second, financial support through front-loaded loans and DPLs for scaling up social assistance programs, such as conditional cash transfers, can be valuable when packaged in larger funding envelopes that include technical assistance, so that institutional development can be supported. However, using social assistance programs for crisis response may raise fiscal sustainability issues because these programs do not automatically scale down in stable times. Third, strategy results frameworks better fulfill their role when they are aligned with the text of the strategy, and when they are based on solid statistical information that is up to date and monitored regularly throughout the implementation of the strategy.
Content Type : Reports , Doc Sub Category : CAS Completion Report Reviews , Country : Colombia
July 18, 2011