IEG Fast Track Brief
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Fast Track Briefs inform the World Bank Group (WBG) managers and staff about new evaluation findings and recommendations.
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IFC in Nigeria : An Independent Country Impact Review(Washington, DC, 2008-10) World BankIndependent Evaluation Group's (IEG's) country impact review (the report) examines if, from July 1998 through December 2007, International Finance Corporation (IFC): (i) successfully defined a relevant and appropriate strategy for helping Nigeria tackle its most pressing needs; (ii) provided investment and advisory services that were reflective of IFC's strategy; and (iii) achieved positive development results. IFC's strategies in Nigeria reflected the characteristics of IFC's process for development of country strategies jointly with the World Bank. These characteristics include: (i) poor integration with IFC's main strategy and budget process; (ii) loosely formulated country objectives and priorities in terms of sectors and products; and (iii) little or no resource allocation. As a result, IFC's strategies for Nigeria have not fulfilled their purpose of setting priorities, defining targets, and securing the human, organizational, and other resources required.
Ethiopia : Country Assistance Evaluation, 1998-2006(World Bank, Washington, DC, 2008-03) Thomas, VinodEthiopia is among the World Bank's largest IDA-eligible borrowers in Sub-Saharan Africa, with a country portfolio comprising 22 active projects for a total net commitment of US$2 billion as of end-FY07. The Bank's overarching objective during the period under review (FY98-FY06) was to support the Government in its efforts to reduce poverty by helping to: (i) promote pro-poor growth; (ii) advance private sector development; (iii) enhance human development; (iv) respond to the needs of post-conflict and emergency rehabilitation; and (v) improve governance. The evaluation finds that IDA's country strategy for Ethiopia and the associated program during the period under review were relevant to the country's development needs, which included the need to manage (and over time reduce the country's exposure to) frequent exogenous shocks and a fragile socio-political environment, especially following the post-election violence in 2005. IDA's strategy and program were also aligned with those of other development partners (DPs). The efficacy of the program was somewhat below average when measured against the goals envisaged at the outset. There were positive outcomes inter alia in post-conflict rehabilitation, economic growth, roads development, education and health. In contrast, the outcomes were less favorable in the key areas of private sector development and governance, which are crucial to sustaining growth over the longer-term and ensuring that its benefits are widely shared.