This report was prepared by an Independent Evaluation Group (IEG) team co-led by Soniya Carvalho, lead evaluation officer, and Aurora Medina Siy, senior evaluation officer, under the overall direction of Alison Evans, Director-General, Evaluation, and with the guidance and supervision of Galina Sotirova, manager, Corporate and Human Development, and Oscar Calvo-Gonzalez, director, Human Development and Economic Management. The team included Shonar Lala Chinoy, Asita De Silva, Ellen Goldstein, Breda Griffith, Poonam Gupta, John Heath, Doruk Yarin Kiroglu, Yingjia Liu, Gaby Loibl, Albert Martinez, Daniel Palazov, Carla Pazce, Xiaoxiao Peng, Xiaolun Sun, Dileep Wagle, and Howard White. The report benefited from the advice of three external reviewers: Tamar Manuelyan Atinc (nonresident senior fellow, Brookings Institution); Monika Huppi (principal adviser, Office of Evaluation and Oversight, Inter-American Development Bank); and Barbara Scott (deputy director general, external cooperation management and project development, Planning Institute of Jamaica). It also benefited from consultations with IEG colleagues, including past Results and Performance of the World Bank Group task team leaders, the IEG methods team, Implementation Completion and Results Report (ICR) Review coordinators, Completion and Learning Review (CLR) Review coordinators, IEG colleagues working on International Finance Corporation and Multilateral Investment Guarantee Agency, and IEG staff and consultants involved in the validation of self-evaluations. Contributions by Bank Group colleagues are gratefully acknowledged.