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Changes in Carbon Markets and Regulatory Systems from Kyoto to Paris and How the World Bank Group Responded to these Changes (Working Paper)

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This study provides a structured review of the existing literature on changes in international market mechanisms for greenhouse gas reductions and related regulatory systems. The assessment period 1997 to 2016 starts with the signing of the Kyoto Protocol and ends with the entry into force of the Paris Agreement. It can be differentiated into a period of emergence of market mechanisms until 2005 Show MoreThis study provides a structured review of the existing literature on changes in international market mechanisms for greenhouse gas reductions and related regulatory systems. The assessment period 1997 to 2016 starts with the signing of the Kyoto Protocol and ends with the entry into force of the Paris Agreement. It can be differentiated into a period of emergence of market mechanisms until 2005, a gold rush from 2006 to 2011, a fragmentation of markets lasting until 2015, and a brief post-Paris period of relaunch, of a new climate policy agreement. A key aspect of the review is how the World Bank Group responded to changes. The review includes about 300 peer-reviewed articles and about 40 articles from gray literature coming from highly-reputed sources. A large share of the literature examined covers the flexible mechanisms of the Kyoto Protocol with a strong focus on the Clean Development Mechanism (CDM). This is a consequence of the unexpected success of the CDM in the carbon market, at least until 2011–12, as well as the transparency of the mechanism that has facilitated research. As topics and issues related to the international carbon market emerged, the Bank Group tried to address them, focusing on developing countries to enhance their participation in the market. However, there is only limited peer-reviewed literature that assesses the Bank Group strategies and operations. Key changes in markets and regulatory frameworks as well as the responses of the Bank Group can be grouped into four main periods that are briefly discussed below.

Creating Markets: Drivers of Success

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Creating Markets: Drivers of Success
Join us for a conversation on the factors underlying the success of market creation activities as the IFC implements its new corporate strategy, and the contributing roles of the World Bank and MIGA to that strategy. Join us for a conversation on the factors underlying the success of market creation activities as the IFC implements its new corporate strategy, and the contributing roles of the World Bank and MIGA to that strategy.

Seriously funny: Using humor to spark deep conversations about evaluation

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Seriously funny: Using humor to spark deep conversations about evaluation
How humor helped IEG facilitate meaningful conversations about evaluation during a recent event.How humor helped IEG facilitate meaningful conversations about evaluation during a recent event.

World Bank Group Evaluation Principles

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This document, World Bank Group Evaluation Principles, sets out core principles for evaluation as well as underlying principles for selecting, conducting, and using evaluations, as relevant to the World Bank Group’s mission, and each institution’s mandate, system of governance, and operating environment. It is informed by international evaluation principles and good practice standards and builds Show MoreThis document, World Bank Group Evaluation Principles, sets out core principles for evaluation as well as underlying principles for selecting, conducting, and using evaluations, as relevant to the World Bank Group’s mission, and each institution’s mandate, system of governance, and operating environment. It is informed by international evaluation principles and good practice standards and builds on knowledge of current practices and processes around evaluation in the World Bank Group. In agreeing to this common set of principles, we aim to enhance development results by strengthening accountability and learning through evaluation.

Philippines: Social Welfare and Development Reform Project (PPAR)

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This is the Project Performance Assessment Report (PPAR) by the Independent Evaluation Group (IEG) of the World Bank Group on the Social Welfare and Development Reform Project (including additional financing) in the Philippines. The project had two objectives: (i) strengthen the effectiveness of the Department of Social Welfare and Development (DSWD) to efficiently implement the Pantawid Show MoreThis is the Project Performance Assessment Report (PPAR) by the Independent Evaluation Group (IEG) of the World Bank Group on the Social Welfare and Development Reform Project (including additional financing) in the Philippines. The project had two objectives: (i) strengthen the effectiveness of the Department of Social Welfare and Development (DSWD) to efficiently implement the Pantawid Pamilyang Pilipino Program (the CCT program, known as Pantawid); and (ii) strengthen the effectiveness of the DSWD to expand an efficient and functional National Household Targeting System of social protection programs. Results for this Social Welfare and Development Reform Project are as follows: Outcome was highly satisfactory, Risk to development outcome was substantial, Bank performance was satisfactory, and Borrower performance was satisfactory. Lessons from the project include: (i) The success of a large, nationwide social protection program like Pantawid lies in creating and strengthening the operational and institutional systems needed to support it. (ii) Strong government ownership is critical to establishing and sustaining ambitious programs like Pantawid. (iii) The World Bank’s ability to bring global knowledge to bear and skillfully deploy a full technical engagement was key to success. (iv) Continuous monitoring and evaluation are essential to maintaining CCT programs like Pantawid and ensuring their constant evolution. (v) The quality of education and health, not just service utilization, is critical to achieve the expected gains in human capital. (vi) As for all CCTs, a graduation strategy is essential to ensure that the program delivers on longer-term benefits and acts as a stepping stone into more stable livelihoods.

Burundi CLR Review FY13-16

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This review of the World Bank Group’s (WBG) Completion and Learning Review (CLR) covers the period of the Country Assistance Strategy (CAS), FY13-16, and updated in the Performance and Learning Review (PLR) dated February 25, 2015. The World Bank Group’s (WBG) CAS had three focus areas: (i) improving competitiveness, (ii) improving resilience by consolidating social stability, and (iii) Show MoreThis review of the World Bank Group’s (WBG) Completion and Learning Review (CLR) covers the period of the Country Assistance Strategy (CAS), FY13-16, and updated in the Performance and Learning Review (PLR) dated February 25, 2015. The World Bank Group’s (WBG) CAS had three focus areas: (i) improving competitiveness, (ii) improving resilience by consolidating social stability, and (iii) strengthening governance. The CAS was broadly aligned with the Government’s Second National Poverty Reduction Strategy (PRSP II), 2012-2015, which seeks to improve governance, growth and job creation, social services, and environmental/spatial management. Specifically, the CAS focus areas and objectives supported PRSP II objectives on quality of economic infrastructure, promotion of the private sector and job creation, strengthening the social safety net, capacity building and improved performance in the healthcare system, and fiscal management.

Ethiopia: Nutrition Project (PPAR)

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Although Ethiopia has achieved substantial progress in economic, social, and human development over the past decade, the ranking of its Human Development Index remains low. Malnutrition is widespread, and it lowers resistance to infections and affects the intellectual development of children and productivity among adults. The project development objectives were “to improve child and maternal care Show MoreAlthough Ethiopia has achieved substantial progress in economic, social, and human development over the past decade, the ranking of its Human Development Index remains low. Malnutrition is widespread, and it lowers resistance to infections and affects the intellectual development of children and productivity among adults. The project development objectives were “to improve child and maternal care behavior, and increase utilization of key micronutrients, in order to contribute to improving the nutritional status of vulnerable groups.” Direct beneficiaries consisted of pregnant and lactating women, and under-five children in food insecure regions with high malnutrition rates. Ratings for the Nutrition Project are as follows: Outcome was satisfactory, Risk to development outcome was moderate, M&E Quality was substantial, Bank performance was moderately satisfactory, and Borrower performance was moderately satisfactory. Lessons from the project include: (i) The use of interactive approaches at the community level can facilitate behavior change. (ii) In very poor communities, CBN needs to complement behavior change interventions with income support to achieve the desired goals fully because behavior change also depends on the means to keep or to buy healthful and nutritionally rich food. (iii) Favorable institutional conditions, programmatic arrangements, and incentives facilitate the unfolding of multisectoral engagement. (iv) Integration of nutrition operations with an existing and institutionalized service delivery mechanism at the community level facilitates CBN implementation. (v) External collaboration with development partners, under government leadership, catalyzes international expertise and good practices that benefit and reinforce government policy and its nutrition agenda.

World Bank Group’s Support for Crisis Preparedness: Addressing Fiscal and Financial Sector Vulnerabilities (Approach Paper)

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The purpose of this evaluation is to assess the Bank Group’s support to client countries to enhance their preparedness for exogenous shocks through more systematic ex ante identification of vulnerabilities complemented by support to address these vulnerabilities. The evaluation is focused on the period between FY2010 and FY2018, after the global recession, to evaluate whether the Bank Group had Show MoreThe purpose of this evaluation is to assess the Bank Group’s support to client countries to enhance their preparedness for exogenous shocks through more systematic ex ante identification of vulnerabilities complemented by support to address these vulnerabilities. The evaluation is focused on the period between FY2010 and FY2018, after the global recession, to evaluate whether the Bank Group had integrated lessons from the global crisis. This evaluation aims to inform the design and use of WBG strategies, operations, diagnostics and knowledge products that support crisis preparedness in both low-income and middle-income countries.

Peru: Decentralized Subnational Roads Management

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This is a Project Performance Assessment Report (PPAR) on the Peru Regional Transport Infrastructure Decentralization Project, and the Decentralized Rural Transport Project. The objective of the Regional Project was to improve, through decentralization at the regional level the prioritization, the efficiency and effectiveness of regional transport interventions to contribute to Show MoreThis is a Project Performance Assessment Report (PPAR) on the Peru Regional Transport Infrastructure Decentralization Project, and the Decentralized Rural Transport Project. The objective of the Regional Project was to improve, through decentralization at the regional level the prioritization, the efficiency and effectiveness of regional transport interventions to contribute to regional development and poverty alleviation by enhancing transport conditions in the borrower’s territory. The Rural Project was to contribute to territorial development and the fight against rural poverty in the borrower’s territory by improving access of rural households and entrepreneurs to goods, social services, and income-generating opportunities through reduced transport costs and better rural transport infrastructure. Ratings for the Regional Transport Infrastructure Decentralization Project are as follows: Outcome was moderately unsatisfactory, Risk to development outcome was significant, Bank performance was moderately unsatisfactory, and Borrower performance was moderately unsatisfactory. Ratings for the Decentralized Rural Transport Project are as follows: Outcome was satisfactory, Risk to development outcome was significant, and Bank performance was satisfactory, and Borrower performance was satisfactory. Lessons from these projects include: (i) Subnational governments need to own their road planning instruments to ensure their use. (ii) Ways to sustain the community-based microenterprises model for rural road maintenance need to be found. (iii) Road maintenance is essential all year round, and funding and bidding schedules need to be adjusted accordingly. (iv) Poverty impacts of rural roads projects are difficult to attribute. (v) f the road agency carries out activities that are outside its core responsibilities, it needs to involve the other ministries and government agencies that are responsible for these activities to ensure sustainability. (vi) Transferring successful solutions from one government level to another requires a careful contextual analysis and the subnational governments’ participation in decision making from the outset.

IEG Work Program and Budget (FY20) and Indicative Plan (FY21-22)

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To maximize its relevance and value added for the World Bank Group (WBG), IEG will align its work program with WBG strategic priorities. IEG also aims to maintain a clear line of sight with the WBG mission and the Sustainable Development Goals (SDGs), as well as with commitments made in the IBRD and IFC Capital Packages and in the context of IDA replenishments. Furthermore, IEG will keep an Show MoreTo maximize its relevance and value added for the World Bank Group (WBG), IEG will align its work program with WBG strategic priorities. IEG also aims to maintain a clear line of sight with the WBG mission and the Sustainable Development Goals (SDGs), as well as with commitments made in the IBRD and IFC Capital Packages and in the context of IDA replenishments. Furthermore, IEG will keep an increased focus on outcomes, countries, clients, and beneficiaries in its work, and aim to foster a greater outcome orientation throughout the WBG. To achieve this strategic vision, IEG will focus its work program on the key development effectiveness questions that the institution and its clients are most concerned about. For each of these questions, we will strive to answer “why”, “how, “where”, “when”, and “for whom” specific interventions or programs have achieved results or not. By working more closely with operational units and other evaluation initiatives across the WBG, we will seek to significantly enhance IEG’s value added for the Board and WBG management. The work program will be anchored around a series of “streams”, building evidence over time on connected themes and trying to bridge between project, country, sector and strategic impact: Fragility, Conflict and Violence (FCV), Gender, Maximizing Finance for Development, Human Capital, Climate Change, Growth and Transformation. In addition, IEG will work along an ‘effectiveness’ cross-cutting stream, aimed at examining systemic issues in WBG effectiveness, as well as working towards building a stronger outcome focus for WBG operations and strategies.