01. Annual Reports & Independent Evaluations

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The World Bank Group Partnership with the Philippines, 2009–18: Country Program Evaluation

(World Bank, Washington, DC, 2019-12-27) Independent Evaluation Group

This Country Program Evaluation (CPE) assesses the development effectiveness of the World Bank Group program in the Philippines between 2009 and 2018. The report provides input to the next Country Partnership Framework for the Philippines and may offer lessons for Bank Group country programs in other lower-middle-income countries facing similar development challenges.
The World Bank Annual Report 2019: Ending Poverty, Investing in Opportunity

(Washington, DC: World Bank, 2019-10-02) World Bank

The Annual Report is prepared by the Executive Directors of the International Bank for Reconstruction and Development (IBRD) and the International Development Association (IDA)--collectively known as the World Bank--in accordance with the by-laws of the two institutions. The President of the IBRD and IDA and the Chairman of the Board of Executive Directors submits the Report, together with the accompanying administrative budgets and audited financial statements, to the Board of Governors.
Social Contracts and World Bank Country Engagements: Lessons from Emerging Practices

(World Bank, Washington, DC, 2019-10-02) Independent Evaluation Group

World Bank emphasizes the importance of social contracts to eliminate poverty and boost shared prosperity. In the 2014 World Bank Group Goals, the World Bank calls for social contracts that prioritize the poor while creating the conditions for equitable growth. This learning-oriented evaluation generates lessons from the World Bank’s experience using social contract diagnostics to help countries reshape their social contracts. It does this by:(i) evaluating the quality and value added of social contract diagnostics; (ii) assessing how social contract diagnostics are translated into operations; (iii) identifying the risks and challenges of integrating social contract diagnostics into operations; and (iv) drawing lessons on how to overcome these challenges. At the country level, this evaluation identified 21 Systematic Country Diagnostics (SCDs) that use a social contract framing to diagnose and explain complex development challenges such as entrenched inequalities, poor service delivery, weak institutions, and why decades of policy and institutional reforms promoted by external development actors could not fundamentally alter countries’ development paths.
Annual Report FY19: Transforming Evidence into Better Outcomes

(World Bank, Washington, DC, 2019-09-30) Independent Evaluation Group

In a year marked by change throughout the institution, the Independent Evaluation Group’s commitment to rigorous analysis, innovative methodological approaches, and the sharing of knowledge and lessons remains its foundation. Though topics ranged from forced displacement to creating markets, the evaluations presented similar stories about what is and is not working at the World Bank Group, providing guidance on improving outcomes. Common themes included building resilience, monitoring who benefits, and increasing private sector engagement. A highlight of FY19 was the release of the World Bank Group Evaluation Principles, co-led by the IEG Methods Adviser in collaboration with IFC, MIGA, and the World Bank. The principles act to solidify a Bank Group evaluation approach based on the evaluation framework established in FY18. The document delineates core principles for evaluation and underlying principles for planning, conducting, and using evaluations at the Bank Group. In FY20, IEG will position itself to provide even greater impact by focusing on the development effectiveness questions that most concern the institution and its clients in terms of what is needed to influence country development outcomes and where the Bank Group can do more, differently, or better. IEG has aligned its work program with Bank Group strategic priorities, keeping in mind the Sustainable Development Goals, commitments made in the IBRD and IFC Capital Packages, and the themes of the IDA’s last two replenishments (IDA18 and 19).
World Bank Group Support in Situations Involving Conflict-Induced Displacement: An Independent Evaluation

(World Bank, Washington, DC, 2019-06-20) Independent Evaluation Group

In 2016, the World Bank Group stepped up its engagement in situations of conflict-induced forced displacement at the global and country levels and adopted a new approach to its engagement that recognizes displacement as a development challenge that must be addressed to attain the World Bank Group’s twin goals. Since fiscal year 2016, the Bank Group’s analytical, financial, and operational support has become more aligned with its stated development approach building on lessons from past engagements. This is an important shift.
Rwanda Country Program Evaluation FY09-17: An Independent Evaluation

(World Bank, Washington, DC, 2019-03-14) Independent Evaluation Group

The World Bank Group's positioning in relation to Rwanda's Vision 2020 goal of rapidly attaining Middle-Income Country (MIC) status reflected many of the elements that are critical to realizing the country's goal: (i) Under a first pillar of promoting economic transformation for sustained growth, it supported infrastructure (notably energy and transport); the business environment (including skills development); the financial sector (including rural finance); and in the latter years the urban sector. (ii) Under a second pillar of reducing social vulnerability and raising the productivity and incomes of the poor, it supported agriculture; health (initially); and social protection—including demobilization and reintegration of ex-combatants. (iii) A third accountable governance pillar aimed to strengthen central and decentralized public financial management (PFM). This evaluation assesses the development effectiveness of the World Bank Group's country program in Rwanda over the period FY09-17. The report aims to inform future partnership frameworks between the World Bank Group and the Rwandan Government. The report is also of interest to individuals and organizations working with countries striving to consolidate economic progress after a successful transition from conflict, or countries striving to reach middle-income country (MIC) status.
Inclusive Growth: A Synthesis of Findings from Recent IEG Evaluations

(World Bank, Washington, DC, 2018-10-04) Independent Evaluation Group

Globally, although growth has lifted millions out of poverty, in many countries growth has existed in parallel with rising inequality and groups of people being left behind. Social discontent arising from the lack of inclusiveness of the growth process has sometimes led to conflicts and violence. Anchored on growth, inclusion, and sustainability, the 2013 World Bank Group Strategy promotes inclusive growth by pursuing the twin goals of eliminating absolute poverty and boosting shared prosperity. Reflecting strong concerns for equity, it embraces policies that enhance equality of opportunity and remove barriers against the often-excluded. The Independent Evaluation Group (IEG) has conducted many evaluations that have assessed World Bank Group interventions in various dimensions of growth, inclusion, and sustainability. This report extracts findings and distills lessons from all relevant IEG evaluations completed between FY09 and FY18 to shed light on the nature and results of the Bank Group’s support in key areas of inclusive growth.
Results in the Latin America and Caribbean Region 2018, Volume 12

(World Bank, Washington, DC, 2018-10) World Bank

The Latin America and the Caribbean region is growing again after a number of difficult years. However, the recovery is fragile and the prospects for 2018 are falling short of initial expectations due to challenges faced by some of the countries in our region, particularly in South America. These challenges highlight the need to focus on supporting faster and more equitable growth to make sure that the profound social transformation the region experienced during the first decade of the century is protected and expanded. During that time, the commodity boom fueled strong and widespread growth, cutting poverty rates in half. However, the pace of poverty reduction and growth of the middle class has stalled since then. Fortunately, the gains have not been reversed, but many people remain vulnerable to slipping back into poverty.
MIGA Annual Report 2018

(Multilateral Investment Guarantee Agency, Washington, DC, 2018-10) Multilateral Investment Guarantee Agency

MIGA provides political risk insurance and credit enhancement for cross-border private sector investors and lenders, in support of projects in developing member economies across the world. Marking its 30th year of operation, the Multilateral Investment Guarantee Agency (MIGA) has become the third leading institution among the MDBs in terms of mobilizing direct private capital to low- and middle-income countries. This year, MIGA issued a record $5.3 billion in political risk insurance and credit enhancement guarantees, helping finance $17.9 billion worth of projects in developing countries. New issuances and gross outstanding exposure—at $21.2 billion this year—almost doubled as compared to fiscal 2013.
Growing Our Influence: Celebrating 45 Years of Evaluation Excellence

(World Bank, Washington, DC, 2018-09-30) Independent Evaluation Group

The World Bank Group began evaluating projects in 1970 when President Robert McNamara created an Operations Evaluation Unit in the World Bank’s Programming and Budgeting Department. In 1973, the unit became the Operations Evaluation Department, which reported to the Board of Executive Directors and became the first independent evaluation function in an international financial institution. After evaluation offices were established in the International Finance Corporation (IFC) in 1984 and the Multilateral Investment Guarantee Agency (MIGA) in 2002, the three evaluation functions were merged into the Independent Evaluation Group (IEG) in July 2006. As the scope of World Bank Group operations and its portfolio of products grows, IEG continues to develop and adapt its approaches to evaluating development effectiveness. These approaches include assessing outcomes against stated objectives, benchmarks, standards, and expectations, or assessing what might have happened in the absence of the project, program, or policy. Across projects, IEG looks at the patterns of what works under what circumstances. IEG’s evaluation approach reflects and is harmonized with internationally accepted evaluation norms and principles, such as the quality standards for development evaluation of the OECD Development Assistance Committee, the good practice standards of the Evaluation Cooperation Group, and the norms and standards of the United Nations Evaluation Group.IEG adheres to a multilayered quality assurance model, which includes in-depth review of intermediate and final evaluation products by internal (IEG) and external peers. A Methods Advisory Function was established in fiscal year (FY)16 to promote internal knowledge sharing on evaluation design issues and methodological innovation. This fiscal year, the Bank Group introduced a Bank Group–wide evaluation framework, which reiterated the independence of IEG and made explicit our dual mandate of promoting accountability and fostering learning. IEG’s new Results Framework aligns with the World Bank Group’s evaluation framework and the revised IEG mandate.