Search

Topic:Finance, Competitiveness & Innovation
Displaying 1 - 10 of 219

Cabo Verde CLR Review FY15-17

PDF file
During the CPS period, Cabo Verde’s economy grew annually by an average of 3.2%, an improvement over the average 0.83% growth during 2012-2014. The percentage of the population below the national poverty line fell from 58% in 2001 to 35% in 2015. Cabo Verde’s UN Human Development Index rose from 0.647 in 2015 to 0.654 in 2017, and its rank increased from 132nd of 187 countries Show MoreDuring the CPS period, Cabo Verde’s economy grew annually by an average of 3.2%, an improvement over the average 0.83% growth during 2012-2014. The percentage of the population below the national poverty line fell from 58% in 2001 to 35% in 2015. Cabo Verde’s UN Human Development Index rose from 0.647 in 2015 to 0.654 in 2017, and its rank increased from 132nd of 187 countries in 2013 to 125th of 189 countries in 2015. Development challenges during the CPS period stemmed from the continuing effects of the 2008-2009 global financial crisis. The government responded to the crisis with an ambitious counter-cyclical investment program, leading to increased deficits and reversing a previously declining trajectory of public debt. Major ongoing constraints included lack of human capital (workforce skills), insufficient connectivity (transport, communications, and electricity) among the country’s ten islands; weak public sector performance; poor business climate; and lack of resilience to trade volatility and to climactic and geological hazards.

The International Finance Corporation’s Engagement in Fragile and Conflict-Affected Situations: Results and Lessons

PDF file
The International Finance Corporation’s Engagement in Fragile and Conflict-Affected Situations: Results and Lessons
This report takes stock of available evidence regarding the effectiveness of IFC’s support in fragile and conflict-affected situations (FCS).This report takes stock of available evidence regarding the effectiveness of IFC’s support in fragile and conflict-affected situations (FCS).

World Bank Group Support for Small and Medium Enterprises (SMEs)

PDF file
World Bank Group Support for Small and Medium Enterprises (SMEs)
This note synthesizes findings regarding Small- and medium-sized enterprises (SMEs) and SME support from recent IEG evaluations, independent evaluations by other MDBs, and relevant World Bank Group research.This note synthesizes findings regarding Small- and medium-sized enterprises (SMEs) and SME support from recent IEG evaluations, independent evaluations by other MDBs, and relevant World Bank Group research.

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

PDF file
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

Web Resource
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.

Burundi CLR Review FY13-16

PDF file
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.

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

PDF file
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.

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

PDF file
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.

Poland: Public Finance, Resilience and Growth Development Policy Loans (PPAR)

PDF file
This Project Performance Assessment Report (PPAR) evaluates four lending operations implemented in Poland from 2012 to 2016. The development objectives of the first series were to support Poland’s fiscal consolidation agenda while strengthening fiscal institutions and improving the efficiency and sustainability of social spending. The objectives of the second series were to enhance macroeconomic Show MoreThis Project Performance Assessment Report (PPAR) evaluates four lending operations implemented in Poland from 2012 to 2016. The development objectives of the first series were to support Poland’s fiscal consolidation agenda while strengthening fiscal institutions and improving the efficiency and sustainability of social spending. The objectives of the second series were to enhance macroeconomic resilience, strengthen labor market flexibility and employment promotion, and improve private sector competitiveness and innovation. Ratings for the First and Second Public Finance Development Policy Loans are as follows: Outcome is satisfactory, Risk to development outcome is low, Bank performance is satisfactory, Borrower performance is moderately satisfactory. Ratings for the First and Second Resilience and Growth Development Policy Loans are as follows: Outcome is moderately satisfactory, Risk to development outcome is moderate, Bank performance is satisfactory, and Borrower performance is satisfactory. Lessons include: (i) Development policy lending can help mitigate global economic and financial shocks and protect vulnerable groups in high-income countries when accompanied with timely, high-quality, and responsive technical assistance that supports the reforms. (ii) Where a high-income country is required to implement constitutional provisions or agreed reforms with a regional body, providing support for the implementation of such reforms is likely to enhance the likelihood of success. (iii) RAS are a promising tool for engaging governments in high-income countries when Bank Group staff demonstrate the capacity to produce timely and high-quality analytical products in response to government requests. (iv) Coordinating with other partners in situations where the World Bank is not the largest stakeholder is important for successful implementation of reforms. (v) Analyzing the political cost of implementing proposed reform measures is an important part of policy lending.

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

PDF file
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