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Content Type:evaluation/Report
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Guinea-Bissau - GuineaBissau Biodiversity Conservation

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Kyrgyz Republic - BISHKEK AND OSH URBAN INFRASTRUCTURE

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Peru: Fiscal Management and Competitiveness Programmatic Development Policy Loans (Project Performance Assessment Report)

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This PPAR evaluates the programmatic series of Peru FMCDPL I–IV and supplemental financing to FMCDPL II. The FMCDPL series aimed to support the government’s reform program to improve the functioning of Peru’s public sector institutions and business environment. The support program rested on two pillars: (i) improve the efficiency and quality of fiscal management and (ii) enhance competitiveness. Show MoreThis PPAR evaluates the programmatic series of Peru FMCDPL I–IV and supplemental financing to FMCDPL II. The FMCDPL series aimed to support the government’s reform program to improve the functioning of Peru’s public sector institutions and business environment. The support program rested on two pillars: (i) improve the efficiency and quality of fiscal management and (ii) enhance competitiveness. Under these, the FMCDPL program supported nine specific policy objectives: Efficiency and quality of fiscal management: (i) increase sustainability and transparency of fiscal policy, (ii) make tax system more neutral and stable, (iii) strengthen budget reporting and planning, (iv) increase equity in intergovernmental transfers, and (v) improve efficiency and impact of public spending. Competitiveness: (vi) make public sector processes more transparent, accessible, and agile; (vii) expand and deepen international trade; (viii) reduce transaction costs for the private sector to enter, operate in, and exit markets; and (ix) promote sustainable financial deepening. The overall outcome is rated moderately satisfactory, reflecting substantial relevance of the objectives and the design and partial achievement of most objectives under the two pillars. Key lessons include: (i) When strong ownership of the client is demonstrated, a programmatic series of operations can offer the World Bank and its client win-win solutions. (ii) For the World Bank, a multiyear program of support gives it a chance to pursue an extended and coherent analytical agenda that may not be feasible in multiple one-off operations. (iii) To the client, the programmatic series offers a real-time opportunity to learn about the reforms (including both the costs and benefits) and to build on the momentum of initial success. (iv) In the case of Peru, despite all the positive steps the government has taken to enhance efficiency in the allocation of fiscal resources, a pressing need to rationalize the fiduciary and regulatory norms and the multiplicity of control and auditing instances remains. (v) The application of the DDO in this context to the second loan and its supplement illustrated the World Bank’s willingness and ability to support Peru at a time of considerable market uncertainty and, arguably, to help limit contagion.

Argentina - AR Solid Waste Management Project

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Argentina - AR Solid Waste Management Project

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Central African Republic - CAR Emerg. Food crisis & Ag. relaunch

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China - CN - Ningbo New Countryside Development

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Serbia - YF Innovation Serbia

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Mali - ML-Transp Sec SIL 2 (FY07)

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China - CN-Hubei Yiba Highway

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