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Report/Evaluation Type:Annual Reviews
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Results and Performance of the World Bank Group (RAP) 2015

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Results and Performance of the World Bank Group -- Gender
The Independent Evaluation Group's (IEG) Results and Performance of the World Bank Group (RAP) is a comprehensive assessment of World Bank Group performance, drawing on recent IEG evaluations. The Independent Evaluation Group's (IEG) Results and Performance of the World Bank Group (RAP) is a comprehensive assessment of World Bank Group performance, drawing on recent IEG evaluations.

Annual Report 2014: Expanding Influence

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In FY14 IEG responded to changes at the World Bank Group by delivering a number of highly appreciated evaluations that spoke to issues on the change agenda and informed policy choices and new beginnings. This 2014 Annual Report, provides insight into IEG's work over the past year, as well as a glimpse of IEG's upcoming work for FY15-17. In FY14 IEG responded to changes at the World Bank Group by delivering a number of highly appreciated evaluations that spoke to issues on the change agenda and informed policy choices and new beginnings. This 2014 Annual Report, provides insight into IEG's work over the past year, as well as a glimpse of IEG's upcoming work for FY15-17.

Results and Performance of the World Bank Group 2014

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Results and Performance of the World Bank Group 2014
The year 2015 is pivotal in international development. As the era of the Millennium Development Goals (MDGs) concludes, work continues to take forward the unfinished MDG agenda and to define and meet the more ambitious Sustainable Development Goals (SDGs). In preparation for the new challenges, the World Bank Group is changing. A new strategy in 2013 set two ambitious goals: ending extreme Show MoreThe year 2015 is pivotal in international development. As the era of the Millennium Development Goals (MDGs) concludes, work continues to take forward the unfinished MDG agenda and to define and meet the more ambitious Sustainable Development Goals (SDGs). In preparation for the new challenges, the World Bank Group is changing. A new strategy in 2013 set two ambitious goals: ending extreme poverty by 2030 and boosting shared prosperity for the bottom 40 percent in a sustainable manner. To achieve the twin goals and contribute significantly to the SDGs, it is important to reflect on the Bank Group's experience with the MDGs to draw lessons for its engagement with the post-2015 agenda. This report also reviews the effectiveness of the Bank Group's portfolio and country programs for delivering results, and its implementation of Independent Evaluation Group (IEG) recommendations.

Results and Performance of the World Bank Group 2014 (Volume I: Main Report)

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The year 2015 is pivotal in international development. As the era of the Millennium Development Goals (MDGs) concludes, work continues to take forward the unfinished MDG agenda and to define and meet the more ambitious Sustainable Development Goals (SDGs). In preparation for the new challenges, the World Bank Group is changing. A new strategy in 2013 set two ambitious goals: ending extreme Show MoreThe year 2015 is pivotal in international development. As the era of the Millennium Development Goals (MDGs) concludes, work continues to take forward the unfinished MDG agenda and to define and meet the more ambitious Sustainable Development Goals (SDGs). In preparation for the new challenges, the World Bank Group is changing. A new strategy in 2013 set two ambitious goals: ending extreme poverty by 2030 and boosting shared prosperity for the bottom 40 percent in a sustainable manner. To achieve the twin goals and contribute significantly to the SDGs, it is important to reflect on the Bank Group's experience with the MDGs to draw lessons for its engagement with the post-2015 agenda. This report also reviews the effectiveness of the Bank Group's portfolio and country programs for delivering results, and its implementation of Independent Evaluation Group (IEG) recommendations.

Results and Performance of the World Bank Group 2014 - Appendixes

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Results and Performance of the World Bank Group 2013

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The global extreme poverty rate has fallen by half since 1990, but inequality has increased. Robust progress on both poverty reduction and shared prosperity will require sustained growth in developing countries in the face of major financial, economic, and environmental risks and uncertainties. Lending by the International Bank for Reconstruction and Development (IBRD) has fallen back to pre- Show MoreThe global extreme poverty rate has fallen by half since 1990, but inequality has increased. Robust progress on both poverty reduction and shared prosperity will require sustained growth in developing countries in the face of major financial, economic, and environmental risks and uncertainties. Lending by the International Bank for Reconstruction and Development (IBRD) has fallen back to pre-crisis trend levels. In FY13, for the first time ever, International Development Association (IDA) commitments exceeded IBRD commitments. Investments by the International Finance Corporation (IFC) reached historically high levels in FY13, driven by rapid growth of short-term finance. Commitments by the Multilateral Investment Guarantee Agency (MIGA) rose on the heels of a new instrument covering risks of the non-honoring of sovereign financial obligations.

Results and Performance of the World Bank Group 2013 - An Independent Evaluation

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The Results and Performance of the World Bank Group annually builds on and synthesizes evidence from recent IEG evaluations and relevant information sources to examine the effectiveness of the Bank Group in addressing current and emerging development challenges. The report contributes to discussions about the directions the Bank Group can usefully take to fulfill its mission to reduce global Show MoreThe Results and Performance of the World Bank Group annually builds on and synthesizes evidence from recent IEG evaluations and relevant information sources to examine the effectiveness of the Bank Group in addressing current and emerging development challenges. The report contributes to discussions about the directions the Bank Group can usefully take to fulfill its mission to reduce global poverty and promote shared prosperity in a sustainable manner. Highlights. (1) The global extreme poverty rate has fallen by half since 1990, but inequality has increased. Robust progress on both poverty reduction and shared prosperity will require sustained growth in developing countries in the face of major financial, economic, and environmental risks and uncertainties. (2) Lending by the International Bank for Reconstruction and Development (IBRD) has fallen back to pre-crisis trend levels. In FY13, for the first time ever, International Development Association (IDA) commitments exceeded IBRD commitments. Investments by the International Finance Corporation (IFC) reached historically high levels in FY13, driven by rapid growth of short-term finance. Commitments by the Multilateral Investment Guarantee Agency (MIGA) rose on the heels of a new instrument covering risks of the non-honoring of sovereign financial obligations. (3) Country program outcome ratings continued their downward slide of recent years. Contributing factors included overambitious strategies relative to country capacity and ownership, declining portfolio quality, and weak results frameworks. The World Bank Group has introduced a new country partnership framework to address these issues. (4) Overall portfolio performance in the Bank continued its decline, driven by lower outcome ratings of investment projects. Performance of development policy operations recovered after a dip in FY07-09 due to sharply rising borrower performance ratings as middleincome countries returned to the Bank during the crisis to borrow in large volumes. (5) Responding to enhanced administrative resources and staffing, project performance in fragile and conflict-affected states (FCS) improved. (6) Development outcome ratings for IFC investments have declined from historically high levels. The decline was concentrated in IDA-eligible countries, infrastructure projects, and financial market operations. MIGA guarantees have performed relatively strongly. (7) The Bank Group's risk management architecture operates effectively across a range of financial and reputational risks. But operational risks at both the entity and project levels need to be better managed. On average FCS projects had the same success rates as IBRD projects despite having entry risks that were twice as high demonstrating the significant role that Bank performance can play in squeezing high rewards out of very high risk situations. (9) The new Bank Group strategy emphasizes the need to work as One World Bank Group. But past experience with coordination between the Bank and IFC has been mixed. Despite encouraging examples of collaboration, synergies among and within the Bank Group have not been systematically exploited. (9) As an input into the pursuit of the Bank Group's new strategy, the review identifies four areas for continuing attention: client focus and country ownership, product excellence, informed risk management, and adequate financing.

Results and Performance of the World Bank Group 2013: Volume II: Appendixes

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This appendix describes select elements of the evaluation systems in the World Bank, the International Finance Corporation (IFC), and the Multilateral Investment Guarantee Agency (MIGA) that are the basis for this report. They illustrate commonalities as well as differences in evaluation practices across the institutions.  This appendix describes select elements of the evaluation systems in the World Bank, the International Finance Corporation (IFC), and the Multilateral Investment Guarantee Agency (MIGA) that are the basis for this report. They illustrate commonalities as well as differences in evaluation practices across the institutions. 

Results and Performance of the World Bank Group 2013 Volume I: Main Report

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The global extreme poverty rate has fallen by half since 1990, but inequality has increased. Robust progress on both poverty reduction and shared prosperity will require sustained growth in developing countries in the face of major financial, economic, and environmental risks and uncertainties. Lending by the International Bank for Reconstruction and Development (IBRD) has fallen back to pre- Show MoreThe global extreme poverty rate has fallen by half since 1990, but inequality has increased. Robust progress on both poverty reduction and shared prosperity will require sustained growth in developing countries in the face of major financial, economic, and environmental risks and uncertainties. Lending by the International Bank for Reconstruction and Development (IBRD) has fallen back to pre-crisis trend levels. In FY13, for the first time ever, International Development Association (IDA) commitments exceeded IBRD commitments. Investments by the International Finance Corporation (IFC) reached historically high levels in FY13, driven by rapid growth of short-term finance. Commitments by the Multilateral Investment Guarantee Agency (MIGA) rose on the heels of a new instrument covering risks of the non-honoring of sovereign financial obligations.

Results and Performance of the World Bank Group 2013 - An Independent Evaluation (Volumes I and II)

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Volume I -- The global extreme poverty rate has fallen by half since 1990, but inequality has increased. Robust progress on both poverty reduction and shared prosperity will require sustained growth in developing countries in the face of major financial, economic, and environmental risks and uncertainties. Lending by the International Bank for Reconstruction and Development (IBRD) has fallen back Show MoreVolume I -- The global extreme poverty rate has fallen by half since 1990, but inequality has increased. Robust progress on both poverty reduction and shared prosperity will require sustained growth in developing countries in the face of major financial, economic, and environmental risks and uncertainties. Lending by the International Bank for Reconstruction and Development (IBRD) has fallen back to pre-crisis trend levels. In FY2013, for the first time ever, International Development Association (IDA) commitments exceeded IBRD commitments. Investments by the International Finance Corporation (IFC) reached historically high levels in FY13, driven by rapid growth of short-term finance. Commitments by the Multilateral Investment Guarantee Agency (MIGA) rose on the heels of a new instrument covering risks of the non-honoring of sovereign financial obligations. Volume II -- The appendixes describe select elements of the evaluation systems in the World Bank, the International Finance Corporation (IFC), and the Multilateral Investment Guarantee Agency (MIGA) that are the basis for this report. They illustrate commonalities as well as differences in evaluation practices across the institutions.