Creating Markets https://ieg.worldbankgroup.org/ en Creating Markets: Drivers of Success https://ieg.worldbankgroup.org/event/creating-markets-drivers-success <span>Creating Markets: Drivers of Success</span> <span><span>mpadrino</span></span> <span><time datetime="2019-08-15T12:47:21-04:00" title="Thursday, August 15, 2019 - 12:47">Thu, 08/15/2019 - 12:47</time></span> <section class="comment-section"><h2>Comments</h2> <article data-comment-user-id="0" id="comment-73631" class="js-comment"><mark class="hidden" data-comment-timestamp="1568044647"></mark><footer><article></article><p class="author">Submitted by <span>Dr Rajendrakum…</span> on Mon, 09/02/2019 - 04:26</p> <span class="perma-link"> <a href="https://ieg.worldbankgroup.org/comment/73631#comment-73631" hreflang="en">Permalink</a></span> </footer><div> <h5><a href="https://ieg.worldbankgroup.org/comment/73631#comment-73631" class="permalink" rel="bookmark" hreflang="en">When is market becoming free…</a></h5> <div class="field field--name-comment-body field--type-text-long field--label-hidden field--item"><p>When is market becoming free the making of the same.</p> </div> <drupal-render-placeholder callback="comment.lazy_builders:renderLinks" arguments="0=73631&1=default&2=en&3=" token="wxCiBPokaC4pQp5QGpfSLvOn1i-u_uKG6EEvL8nltO8"></drupal-render-placeholder></div> </article><h2>Add new comment</h2> <drupal-render-placeholder callback="comment.lazy_builders:renderForm" arguments="0=node&1=24421&2=field_comments&3=comment" token="tg_X1jdOLsVT5j2gT6zIqJ9M1kv-s5Gf-Wp6j-GQ7Zo"></drupal-render-placeholder></section> Thu, 15 Aug 2019 16:47:21 +0000 mpadrino 24421 at https://ieg.worldbankgroup.org https://ieg.worldbankgroup.org/event/creating-markets-drivers-success#comments Creating Markets to Leverage the Private Sector for Sustainable Development and Growth https://ieg.worldbankgroup.org/evaluations/creating-markets <div data-history-node-id="23551" class="view-mode-rss ds-1col clearfix"> <div class="field field--name-field-best-bet-keywords field--type-entity-reference field--label-above"> <div class="field--label">Best Bet Keywords</div> <div class="field--items"> <div class="field--item"><a href="https://ieg.worldbankgroup.org/taxonomy/term/7146496" hreflang="en">Creating Markets</a></div> <div class="field--item"><a href="https://ieg.worldbankgroup.org/taxonomy/term/2651176" hreflang="en">finance for development</a></div> <div class="field--item"><a href="https://ieg.worldbankgroup.org/taxonomy/term/15691941" hreflang="en">IFC 3.0</a></div> <div class="field--item"><a href="https://ieg.worldbankgroup.org/taxonomy/term/17799756" hreflang="en">cascade approach</a></div> </div> </div> <div class="field field--name-field-related field--type-entity-reference field--label-above"> <div class="field--label">Related Reports</div> <div class="field--items"> <div class="field--item"><a href="https://ieg.worldbankgroup.org/evaluations/facilitating-trade" hreflang="en">Grow with the Flow: An Independent Evaluation of World Bank Group Support to Facilitating Trade 2006-17</a></div> </div> </div> <div class="field field--name-field-body-also-see field--type-text-with-summary field--label-above"> <div class="field--label">Body Also See</div> <div class="field--item"><h3>Also See:</h3> <p class="text-align-center">Video summarizing the IFC's creating markets agenda, and IEG's evaluative findings:</p> <p class="text-align-center"></p><div class="video-embed-field-provider-youtube form-group"><iframe width="854" height="480" frameborder="0" allowfullscreen="allowfullscreen" src="https://www.youtube.com/embed/0JtqNAMOR04?autoplay=0&start=0&rel=0"></iframe> </div> <p class="text-align-center"><a href="https://ieg.worldbankgroup.org/blogseries/20321"><img alt="blog_CreatingMarkets1.jpg" height="239" hspace="10" src="https://ieg.worldbankgroup.org/sites/default/files/Data/Blog/blog_CreatingMarkets1.jpg" style="float:left" vspace="10" width="450" loading="lazy" /></a></p> <p class="text-align-center"> </p> <p class="text-align-center"> </p> <p class="text-align-center"><a href="https://ieg.worldbankgroup.org/blogseries/20321"><strong>Blog Series: Creating Markets</strong></a></p> <p>The Creating Markets series summarizes detailed lessons of experience and key takeaways regarding the World Bank Group's Creating Markets concept. Findings from relevant IEG evaluations over the last ten years provide a rich source of lessons and determinants of success that are relevant for the implementation of the Cascade Approach and the success of the Creating Markets concept.</p> <p class="text-align-center"><a href="https://ieg.worldbankgroup.org/blogseries/20321"><strong>View all</strong></a></p> <p class="text-align-center"> </p> </div> </div> <div class="field field--name-field-organization-tags field--type-entity-reference field--label-above"> <div class="field--label">Organization Tags</div> <div class="field--items"> <div class="field--item"><a href="https://ieg.worldbankgroup.org/taxonomy/term/24" hreflang="en">IFC</a></div> <div class="field--item"><a href="https://ieg.worldbankgroup.org/taxonomy/term/26" hreflang="en">MIGA</a></div> <div class="field--item"><a href="https://ieg.worldbankgroup.org/taxonomy/term/841" hreflang="en">WB</a></div> </div> </div> <div class="field field--name-field-doi field--type-string field--label-above"> <div class="field--label">DOI</div> <div class="field--item">10.1596/IEG135553</div> </div> <div class="field field--name-field-evaluation-reports-collec field--type-entity-reference-revisions field--label-above"> <div class="field--label">Evaluation Reports Collection</div> <div class="field--items"> <div class="field--item"> <div class="paragraph paragraph--type--evaluation-reports-collect paragraph--view-mode--default"> </div> </div> <div class="field--item"> <div class="paragraph paragraph--type--evaluation-reports-collect paragraph--view-mode--default"> </div> </div> <div class="field--item"> <div class="paragraph paragraph--type--evaluation-reports-collect paragraph--view-mode--default"> </div> </div> <div class="field--item"> <div class="paragraph paragraph--type--evaluation-reports-collect paragraph--view-mode--default"> </div> </div> </div> </div> </div> Thu, 25 Apr 2019 18:36:25 +0000 kmilhollin 23551 at https://ieg.worldbankgroup.org Creating Markets: A Special Challenge for Low-income Countries https://ieg.worldbankgroup.org/blog/creating-markets-special-challenge-low-income-countries <span>Creating Markets: A Special Challenge for Low-income Countries</span> <span><span>kmilhollin</span></span> <span><time datetime="2018-05-08T10:24:57-04:00" title="Tuesday, May 8, 2018 - 10:24">Tue, 05/08/2018 - 10:24</time></span> <section class="comment-section"><h2>Add new comment</h2> <drupal-render-placeholder callback="comment.lazy_builders:renderForm" arguments="0=node&1=20726&2=field_comments&3=comment" token="C5EZJxEiCqCj_nGuvL3J0aeE4vQcVZ5zebsPjD46NS0"></drupal-render-placeholder></section> Tue, 08 May 2018 14:24:57 +0000 kmilhollin 20726 at https://ieg.worldbankgroup.org https://ieg.worldbankgroup.org/blog/creating-markets-special-challenge-low-income-countries#comments Creating Markets: Are PPPs the Answer? https://ieg.worldbankgroup.org/blog/creating-markets-are-ppps-answer <span>Creating Markets: Are PPPs the Answer?</span> <span><span>mpadrino</span></span> <span><time datetime="2018-03-20T13:22:46-04:00" title="Tuesday, March 20, 2018 - 13:22">Tue, 03/20/2018 - 13:22</time></span> <section class="comment-section"><h2>Comments</h2> <article data-comment-user-id="0" id="comment-5106" class="js-comment"><mark class="hidden" data-comment-timestamp="1522193615"></mark><footer><article></article><p class="author">Submitted by <span>Roland Michelitsch</span> on Wed, 03/21/2018 - 11:02</p> <span class="perma-link"> <a href="https://ieg.worldbankgroup.org/comment/5106#comment-5106" hreflang="en">Permalink</a></span> </footer><div> <h5><a href="https://ieg.worldbankgroup.org/comment/5106#comment-5106" class="permalink" rel="bookmark" hreflang="en">An excellent blog, and very…</a></h5> <div class="field field--name-comment-body field--type-text-long field--label-hidden field--item"><p>An excellent blog, and very much aligned with our findings from an independent evaluation of 10 years of experience with PPPs in infrastructure in the Inter-American Development Bank (<a href="http://www.iadb.org/ove/ppp">www.iadb.org/ove/ppp</a>), which found that a thorough analysis of whether the environment is appropriate for a PPP and whether a PPP is the most appropriate option in a specific context is essential. It also found that strong collaboration between the public and private sector sides of the IDB Group is essential. It was good to see strong follow-up to the evaluation at the IDB, including a presentation together with IDB operations to discuss the findings and how to move forward (here is a link to the video): <a href="https://www.youtube.com/watch?v=6506v-3yKjs">https://www.youtube.com/watch?v=6506v-3yKjs</a></p> <p>Roland Michelitsch, Office of Evaluation and Oversight (OVE), Inter-American Development Bank (IDB)</p> </div> <drupal-render-placeholder callback="comment.lazy_builders:renderLinks" arguments="0=5106&1=default&2=en&3=" token="T3mrhmMIy5WwAPjgG_rU2xT7aUs9dtcihIevbi1omfY"></drupal-render-placeholder></div> </article><div class="indented"> <article data-comment-user-id="0" id="comment-5151" class="js-comment"><mark class="hidden" data-comment-timestamp="1522400327"></mark><footer><article></article><p class="author">Submitted by <span>Jose Carbajo</span> on Thu, 03/29/2018 - 00:43</p> <p class="visually-hidden">In reply to <a href="https://ieg.worldbankgroup.org/comment/5106#comment-5106" class="permalink" rel="bookmark" hreflang="en">An excellent blog, and very…</a> by <span>Roland Michelitsch</span></p> <span class="perma-link"> <a href="https://ieg.worldbankgroup.org/comment/5151#comment-5151" hreflang="en">Permalink</a></span> </footer><div> <h5><a href="https://ieg.worldbankgroup.org/comment/5151#comment-5151" class="permalink" rel="bookmark" hreflang="en">Thank you Roland. It is…</a></h5> <div class="field field--name-comment-body field--type-text-long field--label-hidden field--item"><p>Thank you Roland. It is interesting that many factors determining the success or failure of PPP arrangements are common across regions, including those our blog highlights. Another relevant finding from IEG's PPP-related work, which coincides with the IADB's infrastructure PPP evaluation your comment refers to, is the importance of a good organizational framework, the right skill mix, and staff incentives. Without those in place, IFIs tend to struggle to develop a PPP pipeline.</p> </div> <drupal-render-placeholder callback="comment.lazy_builders:renderLinks" arguments="0=5151&1=default&2=en&3=" token="1-pc3QqPBnKxNuq--FRCu0R3eiLOpemfQTraIMIO1SU"></drupal-render-placeholder></div> </article></div> <article data-comment-user-id="0" id="comment-5216" class="js-comment"><mark class="hidden" data-comment-timestamp="1522677717"></mark><footer><article></article><p class="author">Submitted by <span>Anuj Agrawal</span> on Thu, 03/29/2018 - 23:18</p> <span class="perma-link"> <a href="https://ieg.worldbankgroup.org/comment/5216#comment-5216" hreflang="en">Permalink</a></span> </footer><div> <h5><a href="https://ieg.worldbankgroup.org/comment/5216#comment-5216" class="permalink" rel="bookmark" hreflang="en">I am of the view that…</a></h5> <div class="field field--name-comment-body field--type-text-long field--label-hidden field--item"><p>I am of the view that decline in PPP portfolio is not due to dearth of proper structuring and concession managing skills. We seem to have enough of that.<br /> The issue is we are not able to take the PPP projects to its full life i.e. till the end of concession period. 25/ 30 years is too long a period for the assumptions/ basis of project structuring to be valid/sacrosanct. No doubt, the renegotiation (I would prefer to use the word restructuring) of concessions faces the issues of sanctity of contract, competitive bidding adopted while awarding the project and similar transparency issues but we do not have any option except to accept it.<br /> So many in this field, feel the necessity but are not going ahead fearing from subsequent scrutiny by Regulating Agencies. The only way to handle it is to have transparent and detailed guidelines and implementation framework on the subject with least subjectivity.<br /> To me this appears to be the most important step to arrest and reverse the declining trend of investment in PPPs.</p> </div> <drupal-render-placeholder callback="comment.lazy_builders:renderLinks" arguments="0=5216&1=default&2=en&3=" token="yFGLu7uIX9JyeaRe7lCodiCoy9ZRj3IiX-X07m1-3BM"></drupal-render-placeholder></div> </article><article data-comment-user-id="0" id="comment-9536" class="js-comment"><mark class="hidden" data-comment-timestamp="1523286490"></mark><footer><article></article><p class="author">Submitted by <span>Adolfo Guerrero</span> on Fri, 04/06/2018 - 13:27</p> <span class="perma-link"> <a href="https://ieg.worldbankgroup.org/comment/9536#comment-9536" hreflang="en">Permalink</a></span> </footer><div> <h5><a href="https://ieg.worldbankgroup.org/comment/9536#comment-9536" class="permalink" rel="bookmark" hreflang="en">Great blog and many good…</a></h5> <div class="field field--name-comment-body field--type-text-long field--label-hidden field--item"><p>Great blog and many good ideas poured on it. However, time and again the picture about what "institutional" investors are after is often lost. This investors are investing someone else's money and their earnings are attached to successful transactions. Therefore, they are as adverse to risks as any other financial institution, or even more. </p> <p>Greenfield projects, which account for the majority of the projects within those $1.8 trillion, are risky proposals that can barely capture a fraction of the money that those investors are able to mobilize, and as long as there are projects in the developed world, where the rule of law and the experience in this arrangements is already in place, projects in developing countries will be always a second or third priority, when not an exotic testimonial intervention, but rarely a tendency that will overcome the shortage of funding for infrastructure where is needed the most.</p> <p>The ones that take the initiative in developing those infrastructure remain pretty much within the developers and contractors with limited resources for bidding and investing, but they cannot be locked in on many projects an in many places. Most PPP frameworks developed do not acknowledge the possibility to change the share ownership or securitizing those assets, making it possible for other investors to take stakes on the capital once the business have become less risky.</p> <p>More than another guideline, or legal frameworks that are hard to enforce, these projects need to diminish the risks inherent to any new development and opening to the possibility for these institutional investors to invest on a fully functional system proven to produce results may be a step forward. Certainly the $ 1.8 trillion figure will still be needed to get the projects in place, but the moment that there is a secondary market feeding on projects developed, will certainly make easy to mobilize the primary market necessary to help those developers to carry on with the primary risks.</p> </div> <drupal-render-placeholder callback="comment.lazy_builders:renderLinks" arguments="0=9536&1=default&2=en&3=" token="syjQiBemSYFLNztr6MVv-Yl-9jtLq67dubY5FP_YSaw"></drupal-render-placeholder></div> </article><article data-comment-user-id="0" id="comment-12091" class="js-comment"><mark class="hidden" data-comment-timestamp="1523455442"></mark><footer><article></article><p class="author">Submitted by <span>Afzal Shah</span> on Tue, 04/10/2018 - 21:32</p> <span class="perma-link"> <a href="https://ieg.worldbankgroup.org/comment/12091#comment-12091" hreflang="en">Permalink</a></span> </footer><div> <h5><a href="https://ieg.worldbankgroup.org/comment/12091#comment-12091" class="permalink" rel="bookmark" hreflang="en">No. If it is about globe or…</a></h5> <div class="field field--name-comment-body field--type-text-long field--label-hidden field--item"><p>No. If it is about globe or even bottom 40's. PPP's vary in accordance to the capacity, capabilities and most importantly will of state or governance structure and private individuals including multi national's demand and requirments. This is only possible when initiatives of PPP were designed, fixed with goals and time lines. Just wondering if sufficient research data findings available specifically for PPP sustainability is authenticated data? Don't we feel for more research with action's? </p> <p>What I understand it's wise to experiment focusing individuals rather than group's, organisations and companies especially non profit, it's an amazing debate to discuss forget them at moments but essence of time is to realise the realities and justifications for quality, design and impact especially the region who are supposed to be beneficial.<br /> Policy analysis very common terminology now a days but amezed to know anyalsis against what.<br /> Fixing many things would be great before problem specific solutions. Law, regulations, functionary bodies of the state, what kind of governance structure opted, resources avaliable and required, demand of every human after globalisation through information technology.<br /> Geographical, rule of law and sincere approaching efforts towards human development alliance with local demands will be hopefully core component of the idea with visible and measurable tools.</p> </div> <drupal-render-placeholder callback="comment.lazy_builders:renderLinks" arguments="0=12091&1=default&2=en&3=" token="9x3NWxqAXS4tb1Q36nXk-Z9tvY27v-wknEYC_-MXjFM"></drupal-render-placeholder></div> </article><h2>Add new comment</h2> <drupal-render-placeholder callback="comment.lazy_builders:renderForm" arguments="0=node&1=20051&2=field_comments&3=comment" token="AdUwS1xNDFK1b3Q98Lqx5jppDS2jULzV6DwE4PJjbUU"></drupal-render-placeholder></section> Tue, 20 Mar 2018 17:22:46 +0000 mpadrino 20051 at https://ieg.worldbankgroup.org https://ieg.worldbankgroup.org/blog/creating-markets-are-ppps-answer#comments Creating Markets - Lessons from Experience in Developing Countries https://ieg.worldbankgroup.org/blog/creating-markets-lessons-experience-developing-countries <span>Creating Markets - Lessons from Experience in Developing Countries</span> <span><span>kmilhollin</span></span> <span><time datetime="2018-02-06T14:24:33-05:00" title="Tuesday, February 6, 2018 - 14:24">Tue, 02/06/2018 - 14:24</time></span> <section class="comment-section"><h2>Comments</h2> <article data-comment-user-id="0" id="comment-4816" class="js-comment"><mark class="hidden" data-comment-timestamp="1518118902"></mark><footer><article></article><p class="author">Submitted by <span>Ascanio Graziosi</span> on Thu, 02/08/2018 - 10:20</p> <span class="perma-link"> <a href="https://ieg.worldbankgroup.org/comment/4816#comment-4816" hreflang="en">Permalink</a></span> </footer><div> <h5><a href="https://ieg.worldbankgroup.org/comment/4816#comment-4816" class="permalink" rel="bookmark" hreflang="en">The basic idea is very…</a></h5> <div class="field field--name-comment-body field--type-text-long field--label-hidden field--item"><p>The basic idea is very simple indeed, at least in our view. At the basis of any reasoning of development finance issues, there should be the demarcation line between the developer, the philanthropist and lender, who should have quite different criteria for interventions, being different the related market's niches. Starting from this bottom line we may build the models that match the sustainability factor. At the end of the day, we have to create jobs and empower people, if and when we want to alleviate poverty. "Give people a job, not a loan" is the subtitle of our eBook FINANCIAL INCLUSION. Actually this mean to phase out the financial way to development<br /> and replace it with the EMPLOYMENT-BASED WAY TO DEVELOPMENT, thus re-designing the entire architecture<br /> of the approach in favour of poor people. Again, there should be a demarcation line between Lender, developer and philanthropist, who should have a different criteria of intervention in the related market's niches. For a a Private sector involvement we have proposed HOW TO CONVERT AN IDEA INTO A PROJECT AND LAUNCH FUNDRAISING CAMPAIGN? - JAMBO FUND CASE<br /><a href="https://www.linkedin.com/pulse/how-convert-idea-project-launch-fundraising-campaign-graziosi/?trackingId=Hew5nVrETaYSIwPeSs%2B%2B2g%3D%3D">https://www.linkedin.com/pulse/how-convert-idea-project-launch-fundrais…</a><br /> Comments on above are welcome.</p> </div> <drupal-render-placeholder callback="comment.lazy_builders:renderLinks" arguments="0=4816&1=default&2=en&3=" token="Dd6G2UoCB4HjoJdFnbBKfSFPFEDq5GNV97oT0wZfRXg"></drupal-render-placeholder></div> </article><article data-comment-user-id="0" id="comment-74891" class="js-comment"><mark class="hidden" data-comment-timestamp="1621361038"></mark><footer><article></article><p class="author">Submitted by <span>Chi Napoleon …</span> on Mon, 05/17/2021 - 22:23</p> <span class="perma-link"> <a href="https://ieg.worldbankgroup.org/comment/74891#comment-74891" hreflang="en">Permalink</a></span> </footer><div> <h5><a href="https://ieg.worldbankgroup.org/comment/74891#comment-74891" class="permalink" rel="bookmark" hreflang="en">I have read your article…</a></h5> <div class="field field--name-comment-body field--type-text-long field--label-hidden field--item"><p>I have read your article with Keen attention. I am an independent consultant and is also member of the WB IEG reason why I have access to this article.Currently working on sustaining management of markets and infrastructure (water points etc) owned or built by local council (local governments).I would like us to use the model and produce a case which can be adapted by local council markets in Cameroon or Africa.Local council appear to be the decentralized development Unit of central government and their actions touches on the local population most and so in the context of a bottom up approach of looking at the model a lot of lessons can be learnt.</p> </div> <drupal-render-placeholder callback="comment.lazy_builders:renderLinks" arguments="0=74891&1=default&2=en&3=" token="-63MzoM-N65T_f--aHyqNgj0aMjMW71qnxjD2Nu4g50"></drupal-render-placeholder></div> </article><h2>Add new comment</h2> <drupal-render-placeholder callback="comment.lazy_builders:renderForm" arguments="0=node&1=19751&2=field_comments&3=comment" token="QmpRGBKIjpn_BZcbiYsiBCfAJZ7tYwiakVxPRDhNfK4"></drupal-render-placeholder></section> Tue, 06 Feb 2018 19:24:33 +0000 kmilhollin 19751 at https://ieg.worldbankgroup.org https://ieg.worldbankgroup.org/blog/creating-markets-lessons-experience-developing-countries#comments