The nine Pacific Member Countries (PMCs) of the World Bank Group are Fiji Islands, Kiribati, the Marshall Islands, the Federated States of Micronesia, Palau, Samoa, the Solomon Islands, Tonga, and Vanuatu. This evaluation covers Bank assistance to the PMCs since 1992.
Sub-Saharan Africa is a critical development priority-it has some of the world's poorest countries and during the past two decades the number of poor in the Region has doubled, to 300 million-more than 40 percent of the Region's population. Africa remains behind on most of the Millennium Development Goals (MDGs) and is unlikely to reach them by 2015. With some of the world's poorest countries, Africa is a development priority for the donor community. A major drag on Africa's development is the underperformance of the critical agriculture sector, which has been neglected both by donors and governments over the past two decades. The sector faces a variety of constraints that are particular to agriculture in Africa and make its development a complex challenge. Poor governance and conflict in several countries further complicate matters. IEG has assessed the development effectiveness of World Bank assistance in addressing constraints to agricultural development in Africa over the period of fiscal 1991-2006.
The evaluation finds that the content of the World Bank s Country Policy and Institutional Assessment (CPIA) is largely relevant for growth and poverty reduction in the sense that it maps well with the determinants of growth and poverty reduction identified in the economics literature. However, some CPIA criteria need to be revised (in particular trade and finance), and one needs to be added (assessment of disadvantaged socio-economic groups). Second, the evaluation finds that the CPIA ratings are in general reliable and correlate well with similar indicators. The World Bank s internal review process helps guard against potential biases in having Bank staff rate countries on which their work programs depend. The CPIA ratings are found to correlate better with similar indicators for middle income countries than for low income countries. This could be because there is more information available on middle income countries, which increases the likelihood of different institutions having similar assessments on them. This could also be because the CPIA rating exercise takes into account the stage of development, which is more pertinent for low income countries, and which also subject the ratings of those countries to more judgment in an exercise that is already centered on staff judgment.
This evaluation presents an independent assessment of the Bank's support for financial sector reforms over the period FY93-03. It assesses the extent to which the objectives of Bank assistance were achieved, including reducing government ownership of financial intermediaries, decreased market concentration, increased competition and efficiency, healthier and more stable financial intermediaries, and deeper, more developed financial systems. It also examines Bank support for financial sector reforms in countries under crisis.
This study from the Independent Evaluation Group draws lessons for development and climate change mitigation from the World Bank Group's far-reaching portfolio of projects in energy, forestry, transport, coal power, and technology transfer. Reviewing what has worked, what hasn't, and why, the evaluation's key findings include: Energy efficiency can offer countries direct economic returns that dwarf those of most other development projects, while also reducing greenhouse gas emissions. Tropical forest protected areas, on average, significantly reduce tropical deforestation, preserving carbon and biodiversity. Deforestation rates are lower in areas that allowed sustainable use by local populations than in strictly protected areas. Deforestation rates were lowest of all in indigenous forest areas. For renewable energy projects, long-duration loans have been important in making projects financially viable.. But at prevailing carbon prices, carbon offset sales had little impact on most renewable energy projects rate of returns, and did not address investors need for up-front capital. Technology transfer broadly understood to include diffusion of technical and financial innovations related to low-carbon development has worked well when the logic of piloting and demonstration is well thought out, and when grants are used to mitigate the risk of pioneering efforts.
This review provides an independent assessment of the World Bank Group's performance in achieving key development objectives, with a special focus on support for environmentally sustainable development consistent with economic growth and poverty reduction.
This report is a pilot cross-country study that summarizes 10 years (1998-2008) of the World Bank s engagement at the state level in selected large federal countries and combines elements of a country assistance evaluation and a thematic review. It looks at several strategic and operational questions posed by state-level engagement, among them the selection of states, the scope, and the modalities of engagement. According to the report, two tendencies often in tension featured in most approaches for selection of states for direct engagement. One was to support better-performing, reformist states, while the other was to support the poorest states as a more direct route to reducing poverty. Overall, the study confirms the desirability of continued selective lending in a few focus states. Among other findings: the Bank s engagement with progressive reformist states has added value and has been highly appreciated, but in order to enhance the poverty impact of state level interventions, greater weight should be given to the needs of poorest states by balancing states propensity to reform and the concentration of poverty within them; continued focus on public finance management appears sound, irrespective of whether engagement is confined to this area or serves as an entry point for broader engagement; there is considerable scope for greater impact from knowledge transfer between states and countries and expanded knowledge services to the state-level clients.
Development patterns, increasing population pressure, and the demand for better livelihoods in many parts of the globe all contribute to a steadily deepening global water crisis. Development redirects, consumes, and pollutes water. It also causes changes in the state of natural water reservoirs, directly by draining aquifers and indirectly by melting glaciers and the polar ice caps. Maintaining a sustainable relationship between water and development requires that current needs be balanced against the needs of future generations. The development community has transformed and broadened its approach to water since the 1980s. As stresses on the quality and availability of water have increased, donors have begun to move toward more comprehensive approaches that seek to integrate water into development in other sectors. This evaluation examines the full scope of the World Bank s lending and grant support for water activities. More than 30 background papers prepared for the evaluation have analyzed Bank lending by thematic area and by activity type. IDA and IBRD (the Bank) have supported countries in many water-related sectors. The evaluation, by definition, is retrospective, but it identifies changes that will be necessary going forward, including those related to strengthening institutions and increasing financial sustainability. Lessons and results from nearly 2,000 loans and credits, and work with 142 countries are identified.
"This report is a synthesis of three evaluations carried out by the Independent Evaluation Group and completed between July 2005 and February 2006, on different aspects of Bank assistance to financial sector development in client countries. The three evaluation reports are World Bank Lending for Lines of Credit: An IEG Evaluation; IEG Review of World Bank Assistance for Financial Sector Reform; and Financial Sector Assessment Program: IEG Review of the Joint World Bank and IMF Initiative. This paper seeks to draw out common themes and issues that have arisen from the three evaluations, which reviewed major components of the Bank's assistance during more than a decade to the financial sectors of client countries."