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Indonesia - Progr for Econ Resilience, Inv & Soc Ass

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Lesotho - LS-First Growth and Competitiveness DPG

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Using Evaluation Evidence to Improve the Effectiveness of World Bank Group Involvement in Middle-Income Countries Dealing with Fragility, Conflict, and Violence

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The Independent Evaluation Group (IEG), in partnership with the Fragility, Conflict, and Violence Cross-Cutting Solutions Area (FCV CCSA) organized a regional learning event on March 28, 2017, in Manila, the Philippines, to discuss the implications of IEG’s evaluative findings for enhancing the effectiveness of World Bank Group engagement with middle-income countries dealing with situations of Show MoreThe Independent Evaluation Group (IEG), in partnership with the Fragility, Conflict, and Violence Cross-Cutting Solutions Area (FCV CCSA) organized a regional learning event on March 28, 2017, in Manila, the Philippines, to discuss the implications of IEG’s evaluative findings for enhancing the effectiveness of World Bank Group engagement with middle-income countries dealing with situations of fragility, conflict, and violence (FCV). The event was jointly hosted by the World Bank Group Philippines Country Management Unit and the Asian Development Bank (ADB). Close to 80 participants from across the development spectrum attended the workshop (including World Bank Group and ADB staff, government officials, academics, civil society members, and staff from multilateral and bilateral development partners). This note summarizes the discussions and key takeaways from the workshop for the benefit of the broader development community and other stakeholders. It is intended as a starting point for further discussions related to improving the design and implementation of development programs in FCV situations. It concludes with some learning implications to move this agenda forward.

Papua New Guinea - PG-Flexible and Open Distance Education

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Papua New Guinea - PG-Flexible and Open Distance Education

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Papua New Guinea - PG-Flexible and Open Distance Education

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Romania: Development Policy Loan with a Deferred Drawdown Option (PPAR)

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This PPAR evaluates the Romania development policy loan with a deferred drawdown option (DPL-DDO). In the fragile postcrisis global economic context, the government requested the €1 billion loan to consolidate fiscal gains, build fiscal buffers, and accelerate structural reforms to boost a sustainable economic recovery. The loan was approved by the World Bank Board of Executive Directors in June Show MoreThis PPAR evaluates the Romania development policy loan with a deferred drawdown option (DPL-DDO). In the fragile postcrisis global economic context, the government requested the €1 billion loan to consolidate fiscal gains, build fiscal buffers, and accelerate structural reforms to boost a sustainable economic recovery. The loan was approved by the World Bank Board of Executive Directors in June 2012 and closed in October 2014 after full disbursement in two tranches: €700 million in mid-October 2013 and of €300 million at the end of June 2014. The objective of the DPL-DDO was to assist the government in meeting the fiscal sustainability goals defined by the European Union (EU) Fiscal Compact. The reform program aimed to (i) improve tax compliance, revenue collection and fiscal discipline, and reduce administrative costs; (ii) improve governance of energy state-owned enterprises (SOEs) and strengthen their fiscal sustainability; and (iii) improve fiscal sustainability of the health sector. An additional objective of the DPL-DDO, which was not explicitly stated as such in the program document or the loan agreement, was to help augment the government’s fiscal buffer as the undisbursed funds of the loan could count toward it. Ratings for the Development Policy Loan with a Deferred Drawdown Option project are as follows: outcome was moderately satisfactory, risk to development outcome was moderate, World Bank performance was moderately satisfactory, and Borrower performance was moderately satisfactory. Lessons from this project include: (i) The success of difficult institutional reforms in the energy sector underscored strong government commitment, which was strengthened by the liberalization roadmap agreed with the European Commission. (ii) More specifically, tax reforms are key to improving tax collection and reducing the compliance burden for taxpayers and businesses, but are potentially threatening to the status quo, which provides wide discretionary powers and rent-seeking opportunities. (iii) DPL-DDOs can be used as an effective mechanism for crisis support, and for supporting a borrower’s medium-term debt management strategy.

Bulgaria - SOCIAL INCLUSION PROJECT

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Afghanistan - AF: Development Policy Prog. Series

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Azerbaijan - EDUC SECT DEVT 2

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