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Topic:Trade
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Jamaica Economic Stabilization and Foundations for Growth Development Policy Loan (DPL) (PPAR)

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This Project Performance Assessment Report (PPAR) reviews the Economic Stabilization and Foundations for Growth Development Policy Loan (DPL), approved on December 12, 2013. The objectives of the operation were to improve (i) the investment climate and competitiveness, and (ii) public financial management for sustainable fiscal consolidation. Objectives were highly relevant to country Show MoreThis Project Performance Assessment Report (PPAR) reviews the Economic Stabilization and Foundations for Growth Development Policy Loan (DPL), approved on December 12, 2013. The objectives of the operation were to improve (i) the investment climate and competitiveness, and (ii) public financial management for sustainable fiscal consolidation. Objectives were highly relevant to country conditions and the need to avoid fiscal insolvency and begin implementing a comprehensive program of stabilization and reform. They were closely aligned with the World Bank’s strategy and government priorities. The design of the operation was substantially relevant to challenges, with policy priorities identified based on significant analytical work and nonlending technical assistance. The theory of change was convincing, with clear links among inputs, outputs, and expected results, although some indicators could have been more outcome oriented and clearer in their relation to objectives. One shortcoming of the design was the ambitious time frame for the implementation of some of the reforms related to investment climate and pensions, given the limited institutional capacity and a realistic assessment of the time needed for major legal reforms. Achievement of both objectives is rated substantial. Under the investment climate objective, reforms targeted improvements in contract enforcement, approval of building permits, and registration of micro, small, and medium enterprises to encourage their participation in the formal sector. Under the public financial management and fiscal consolidation objective, the program targeted progress on pension reform, tax reform, civil service reform, cash management, and public investment management. The impact of all reform actions was measured relative to specific indicator targets, which were substantially achieved or exceeded. These achievements were confirmed by additional quantitative indicators, qualitative gauges, and international benchmarking data. Some reforms, such as those in investment climate and pension reform, took longer than originally envisioned, but they proceeded and deepened over time. Cumulative evidence suggests that the reforms supported by the operation have been sustained and, in several areas, deepened during the past six years. This is reflected in the new development policy financing series supported by the World Bank and the International Monetary Fund Stand-By Arrangement that followed the successful conclusion of the three-year arrangement under the International Monetary Fund’s Extended Funding Facility.

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.

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.

Contribution and Effectiveness of Trade Facilitation Measures: Structured Literature Review

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This literature review has two main objectives. The first is to survey the findings on effectiveness of trade facilitation measures on outcomes such as trade flows, and trade costs. The second objective is to gain a detailed understanding of the contributions of different kinds of trade facilitation measures to increasing trade, and trade costs reduction. In doing so, the review provides the Show MoreThis literature review has two main objectives. The first is to survey the findings on effectiveness of trade facilitation measures on outcomes such as trade flows, and trade costs. The second objective is to gain a detailed understanding of the contributions of different kinds of trade facilitation measures to increasing trade, and trade costs reduction. In doing so, the review provides the framework for establishing a causal relationship between trade facilitation support interventions of the World Bank Group thereby informing on the effectiveness of past interventions and improving future ones.

Creating Markets to Leverage the Private Sector for Sustainable Development and Growth

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Creating Markets to Leverage the Private Sector for Sustainable Development and Growth
With a strong learning focus, this evaluation is intended to inform the implementation of IFC’s corporate strategy (IFC 3.0) and the contributing roles of the World Bank and MIGA to that strategyWith a strong learning focus, this evaluation is intended to inform the implementation of IFC’s corporate strategy (IFC 3.0) and the contributing roles of the World Bank and MIGA to that strategy

Why systematic engagement is essential to promoting trade and growth: Lessons from World Bank Group experience

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Why systematic engagement is essential to promoting trade and growth
Findings from IEG's recent evaluation, which examined whether efforts to reduce trade costs for World Bank client countries improved their trade competitiveness.Findings from IEG's recent evaluation, which examined whether efforts to reduce trade costs for World Bank client countries improved their trade competitiveness.

Croatia CLR Review FY14-17

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This review of the Croatia's Completion and Learning Review (CLR) of the World Bank Group's (WBG) Country Partnership Strategy (CPS) covers the CPS period, FY14-FY17, and the Performance and Learning Review (PLR) of 2016.The World Bank Group program had three focus areas: (i) promoting fiscal consolidation, (ii) improving competitiveness to spur growth, and (iii) maximizing the benefits of EU Show MoreThis review of the Croatia's Completion and Learning Review (CLR) of the World Bank Group's (WBG) Country Partnership Strategy (CPS) covers the CPS period, FY14-FY17, and the Performance and Learning Review (PLR) of 2016.The World Bank Group program had three focus areas: (i) promoting fiscal consolidation, (ii) improving competitiveness to spur growth, and (iii) maximizing the benefits of EU membership. These were broadly congruent with the government's 2013 Economic Program, which covered fiscal consolidation with a particular focus on pension reform and rationalizing hospitals; growth and competitiveness through a sustainable development strategy based on the knowledge economy; and absorption of EU funds available to Croatia. The CPS addressed key challenges facing the country, including EU accession, and was congruent with the Government's 2013 Economic Program and aligned with the WBG's twin goals. The analytical work undertaken by the World Bank contributed to the 2018 Systematic Country Diagnostic Study (SCD), and addressed fiscal issues as well as issues in the justice system, energy, and smart specialization. Portfolio performance was comparable with the ECA region and the World Bank, but some interventions were affected by changes in government priorities.

A Tale of Two Regions: Lessons from Fostering Regional Integration

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A Tale of Two Regions: Lessons from Fostering Regional Integration
Comparing some of the Bank Group’s efforts between regions provides useful lessons for future efforts to promote regional connectivity.Comparing some of the Bank Group’s efforts between regions provides useful lessons for future efforts to promote regional connectivity.

Two to Tango: An Evaluation of World Bank Group Support to Fostering Regional Integration

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Two to Tango: An Evaluation of World Bank Group Support to Fostering Regional Integration
This evaluation assesses the Bank Group’s effectiveness and comparative advantage in fostering regional integration during FY2003–17 and draws lessons that can be used to inform future regional integration operations.This evaluation assesses the Bank Group’s effectiveness and comparative advantage in fostering regional integration during FY2003–17 and draws lessons that can be used to inform future regional integration operations.

Grow with the Flow: An Independent Evaluation of World Bank Group Support to Facilitating Trade 2006-17

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Grow with the Flow: An Independent Evaluation of World Bank Group Support to Facilitating Trade 2006-17
The evaluation examines the development effectiveness of the World Bank Group’s support for trade facilitation and identifies lessons for future engagement.The evaluation examines the development effectiveness of the World Bank Group’s support for trade facilitation and identifies lessons for future engagement.