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Topic:Finance & Markets
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How Should Governments and Development Institutions Engage the Private Sector?

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Tony Elumelu
Entrepreneur and philanthropist Tony Elumelu shares his thoughts on how the private sector can support the sustainable development goals, and what multilateral institutions can do to help. Entrepreneur and philanthropist Tony Elumelu shares his thoughts on how the private sector can support the sustainable development goals, and what multilateral institutions can do to help.

Harnessing the Power of the Private Sector In Support of Sustainable Development

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This Annual Meetings event will explore emerging opportunities and trends for tapping private capital to advance the 2030 agenda.This Annual Meetings event will explore emerging opportunities and trends for tapping private capital to advance the 2030 agenda.

Staying on track with the Sustainable Development Goals- What evaluation can teach us

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Staying on track with the Sustainable Development Goals – What evaluation can teach us
What IEG has learned about the Sustainable Development Goals through evaluating the World Bank Group’s work.What IEG has learned about the Sustainable Development Goals through evaluating the World Bank Group’s work.

Turkey CLR Review FY12-16

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Turkey is an upper middle income country with a GNI per capita of USD 9,950 dollars in current US dollars (2015).The government set out its objectives in the Ninth Development Plan for 2007-13 and the 2012-14 Medium-Term Program. Four priorities stood out: (i) pursue sound macroeconomic and structural fiscal policies to maintain stability and reduce vulnerabilities, (ii) improve the investment Show MoreTurkey is an upper middle income country with a GNI per capita of USD 9,950 dollars in current US dollars (2015).The government set out its objectives in the Ninth Development Plan for 2007-13 and the 2012-14 Medium-Term Program. Four priorities stood out: (i) pursue sound macroeconomic and structural fiscal policies to maintain stability and reduce vulnerabilities, (ii) improve the investment climate and labor market to increase competitiveness and create jobs, especially for women and youth, (iii) reform education, health service provision, and social welfare to increase productivity and promote equal opportunity, and (iv) continue reforms of energy and water sectors, and invest in increasing energy efficiency. In support of the government's objectives, the WBG Country Partnership Strategy (CPS) pursued reforms in three areas for enhancing competitiveness and employment, improving equity and public services, and deepening sustainable development. The CPS was extended by one year to include FY16, in part to allow the CPS period to be aligned with the political cycle, as parliamentary elections were scheduled for mid-2015.The CPS supported the government's priorities and was adjusted during the PLR to reflect changing priorities, although the adjustment was not robust enough to reflect economic vulnerabilities. The program areas were selective, but program objectives were unfocused owing to their many dimensions, which diminished the program's impact. Development policy operations and project lending were complemented by economic and sector work and technical assistance; however, the non-lending portfolio was spread thinly over many areas.In Focus Area 1, there was limited progress in increasing domestic savings and enhancing external resilience while progress was mixed on the investment and business climate objective. The objective on sustaining macroeconomic stability, domestic savings, strengthen exports and external resilience had multiple dimensions not reflected in the two outcome indicators that covered a narrow range of the objective. Corporate governance was improved through more extensive firm audits, and enhanced reporting and disclosure requirements. In Focus Area II performance was adequate, with some progress on gender equality and a more inclusive labor market, and evidence of improved equity in the provision of health services. While work remains to be done in health to improve client satisfaction, broad measures of health outcomes show progress in improving health outcomes during the program period. In Focus Area III, good progress was made in increasing the supply of energy and use of renewable energy, mixed progress on improving the sustainability of Turkish cities, and limited achievements in strengthening environmental management and adaptation to climate change.

World Bank Group Engagement in Upper-Middle-Income Countries: Evidence from IEG Evaluations

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This report synthesizes existing evaluative evidence on the outcomes and lessons learned from the World Bank Group’s partnership with upper-middle income countries. The report focuses mainly on IEG evaluations produced in 2007-16, including relevant thematic, corporate, and country evaluations, along with select project evaluations. This report synthesizes existing evaluative evidence on the outcomes and lessons learned from the World Bank Group’s partnership with upper-middle income countries. The report focuses mainly on IEG evaluations produced in 2007-16, including relevant thematic, corporate, and country evaluations, along with select project evaluations.

Colombia: Business Productivity and Efficiency Development Policy Loans I-III (PPAR)

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This Project Performance Assessment Report (PPAR) evaluates the Colombia Business Productivity and Efficiency Loans, a programmatic series of development policy loans (DPLs) to Colombia implemented in FY06–11. The DPL series had two development objectives: (i) facilitating the operation of businesses and promoting investments to boost productivity and employment levels and (ii) consolidating the Show MoreThis Project Performance Assessment Report (PPAR) evaluates the Colombia Business Productivity and Efficiency Loans, a programmatic series of development policy loans (DPLs) to Colombia implemented in FY06–11. The DPL series had two development objectives: (i) facilitating the operation of businesses and promoting investments to boost productivity and employment levels and (ii) consolidating the financial sector and capital markets as pillars of economic growth to address the needs of individuals and the productive sector. The objectives were highly relevant to country conditions both at the time of entry and closing, and well aligned to government and World Bank Group strategies. Ratings for Business Productivity and Efficiency Development Policy Loans I-III were as follows: outcome was moderately satisfactory, risk to development outcome was moderate, Bank performance was moderately satisfactory, and Borrower performance was satisfactory. Lessons include (i) The experience of this DPL program suggests that in-depth knowledge and government buy-in are essential in Colombia for designing reform programs with substance. (ii) Staggering interventions by policy areas presented trade-offs between the breadth and depth of the program.

World Bank Group Joint Projects: A Review of Two Decades of Experience

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World Bank Group Joint Projects: A Review of Two Decades of Experience
This first systematic stocktaking by IEG of joint or co-financed projects within the World Bank Group offers insight on both benefits of, and challenges in, developing, structuring, supervising, monitoring and evaluating joint projects. It draws lessons from past experience, staff and client feedback, and highlights implications for WBG management regarding expectations of increased co-financed Show MoreThis first systematic stocktaking by IEG of joint or co-financed projects within the World Bank Group offers insight on both benefits of, and challenges in, developing, structuring, supervising, monitoring and evaluating joint projects. It draws lessons from past experience, staff and client feedback, and highlights implications for WBG management regarding expectations of increased co-financed projects in the future.

Conversations: The Role of Capital Markets in Financing the SDGs

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Conversations: The Role of Capital Markets in Financing the SDGs
Following IEG's panel discussion about the role of capital markets in financing the SDGs, we invited the panelists to answer questions from our online viewers. Below are highlights from the exchange.Following IEG's panel discussion about the role of capital markets in financing the SDGs, we invited the panelists to answer questions from our online viewers. Below are highlights from the exchange.

Exploring the Role of Capital Markets in Financing the Sustainable Development Goals

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Exploring the Role of Capital Markets in Financing the SDGs
Drawing on our new report, which examines the WBG’s role in supporting capital market development in client countries, experts will discuss potential strategies for how the World Bank Group and the broader development community can mobilize capital markets more effectively. Drawing on our new report, which examines the WBG’s role in supporting capital market development in client countries, experts will discuss potential strategies for how the World Bank Group and the broader development community can mobilize capital markets more effectively.

Industry Policy and Jobs - Are We Missing the Point?

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Industry Policy and Jobs - Are We Missing the Point?
Industrialization can contribute significantly to growth. And yet despite the potential, many countries, particularly in Sub-Saharan Africa, are experiencing deindustrialization at a rate that threatens hundreds of thousands of jobs.Industrialization can contribute significantly to growth. And yet despite the potential, many countries, particularly in Sub-Saharan Africa, are experiencing deindustrialization at a rate that threatens hundreds of thousands of jobs.