Items in this collection

Now showing 1 - 10 of 210
  • Publication
    Results and Performance of the World Bank Group 2023
    (Washington, DC: World Bank, 2023-12-31) World Bank
    IEG’s Results and Performance of the World Bank Group 2023 report, also known as the RAP 2023, examines the evolution of project-level results and performance of the World Bank Group, including the World Bank, comprising the International Bank for Reconstruction and Development, the International Development Association (IDA), the International Finance Corporation (IFC), and the Multilateral Investment Guarantee Agency (MIGA). The report also analyzes the project development outcomes that underlie project performance ratings, and the validity of the monitoring and evaluation (M&E) frameworks tasked with measuring them. This is the first RAP with a substantial number of projects that were implemented during the COVID-19 pandemic. World Bank, IFC, and MIGA projects faced many obstacles during implementation, especially disruptions associated with the COVID-19 pandemic. The report examines the factors that shaped the implementation and performance of these projects, particularly in the context of the pandemic. In terms of methodology, the report incorporates novel data and evaluation methods, including supervised machine learning, and conducts similar analyses across the different Bank Group Institutions while taking into account each institution’s different evaluation and rating methods. The RAP updated project performance rating trends - covering World Bank lending projects, IFC investment and advisory projects, and MIGA guarantee projects - from fiscal year (FY)12 to FY 22. It used in-depth analyses to examine the evolution of development outcomes, how they relate to project performance ratings, and what factors influenced the implementation and performance of Bank Group projects within the context of the pandemic. The report offers future directions of travel for the three institutions across the World Bank Group.
  • Publication
    An Evaluation of World Bank and International Finance Corporation Engagement for Gender Equality over the Past 10 Years: Approach Paper
    (World Bank, Washington, DC, 2023-11-14) Independent Evaluation Group
    This Approach Paper proposes an independent evaluation of the results achieved by the World Bank and the International Finance Corporation (IFC) in supporting countries (understood as governments, private sector, civil society, and citizens at large) to address gender inequalities and the contribution of the gender strategy for fiscal years (FY)16–23.
  • Publication
    FY 2023 Tanzania Country Opinion Survey Report
    (Washington, DC: World Bank, 2023-11-01) World Bank
    The Country Opinion Survey in Tanzania assists the World Bank Group (WBG) in better understanding how stakeholders in Tanzania perceive the WBG. It provides the WBG with systematic feedback from national and local governments, multilateral/bilateral agencies, media, academia, the private sector, and civil society in Tanzania on 1) their views regarding the general environment in Tanzania; 2) their overall attitudes toward the WBG in Tanzania; 3) overall impressions of the WBG’s effectiveness and results, knowledge work and activities, and communication and information sharing in Tanzania; and 4) their perceptions of the WBG’s future role in Tanzania.
  • Publication
    FY 2023 The Gambia Country Opinion Survey Report
    (Washington, DC: World Bank, 2023-10-31) World Bank
    The Country Opinion Survey in The Gambia assists the World Bank Group (WBG) in better understanding how stakeholders in The Gambia perceive the WBG. It provides the WBG with systematic feedback from national and local governments, multilateral/bilateral agencies, media, academia, the private sector, and civil society in The Gambia on 1) their views regarding the general environment in The Gambia; 2) their overall attitudes toward the WBG in The Gambia; 3) overall impressions of the WBG’s effectiveness and results, knowledge work and activities, and communication and information sharing in The Gambia; and 4) their perceptions of the WBG’s future role in The Gambia.
  • Publication
    FY 2023 Albania Country Opinion Survey – Pulse Report
    (Washington, DC: World Bank, 2023-10-31) World Bank
    The Country Opinion Survey in Albania assists the World Bank Group (WBG) in better understanding how stakeholders in Albania perceive the WBG. It provides the WBG with systematic feedback from national and local governments, multilateral/bilateral agencies, media, academia, the private sector, and civil society in Albania on 1) their views regarding the general environment in Albania; 2) their overall attitudes toward the WBG in Albania; 3) overall impressions of the WBG’s effectiveness and results, knowledge work and activities, and communication and information sharing in Albania; and 4) their perceptions of the WBG’s future role in Albania.
  • Publication
    Learning and Adapting for Outcomes through the Management Action Record 2023: A World Bank Group Management Report on Implementation of IEG Recommendations
    (Washington, DC, 2023-10-30) World Bank
    The Management Action Record (MAR) provides Management’s annual self-assessment of World Bank Group (WBG)-wide progress in implementing recommendations from the Independent Evaluation Group's (IEG) major evaluations to deliver outcomes in key priority areas. The MAR is an important vehicle for monitoring the uptake of IEG evaluations; it aims to ensure that recommendations lead to targeted actions that help shape the WBG’s strategic directions, improve its development effectiveness, and ultimately help countries achieve their development goals. This year’s MAR report provides updates on 59 recommendations from 22 IEG evaluations issued between FY19 and FY22, covering a diverse range of areas of strategic importance to the WBG. Building on progress achieved over the previous reporting cycles since the 2020 MAR Reform, this year’s MAR process featured enhanced candor in the self-assessment, a broader evidence base, and a widening of the teams involved in providing feedback to IEG for richer reporting. During this year’s MAR update cycle, Management continued its more intensive engagement approach, with more touchpoints, to enhance the MAR’s learning focus and build understanding between evaluators and technical staff. This has included the facilitation of dozens of evaluation-specific working meetings with IEG, involving over 130 participants from across the WBG, with representation from all relevant WB Global Practices, IFC, and MIGA regional and industry teams.
  • Publication
    Independent Evaluation Group Validation of the Management Action Record 2023
    (World Bank, Washington, DC, 2023-10-30) Independent Evaluation Group
    The report provides the Independent Evaluation Group’s (IEGs) validation of World Bank Group management’s report Learning and Adapting for Outcomes through the Management Action Record 2023: A World Bank Group Management Report on Implementation of IEG Recommendations for the period July 2022 to June 2023. The purpose of the Management Action Record (MAR) assessment system is to support accountability, learning, and adaptation for the Bank Group’s implementation of recommendations from IEG evaluations. This validation document presents IEG’s assessment of progress toward achieving the intended outcomes of evaluations and the evidence in management’s MAR report. The Bank Group made steady progress in implementing IEG recommendations through delivering internal products and adapting processes; in some cases, it has achieved meaningful change of direction that shows that the outcomes of recommendations are being achieved. The validation assessed the evidence for all 22 IEG evaluations included in the MAR, that is, all evaluations reviewed by the Board Committee on Development Effectiveness (CODE) between FY19 and FY22. These 22 evaluations contain 59 recommendations.
  • Publication
    IFC Annual Report 2023: Building a Better Future
    (International Finance Corporation, Washington, D.C., 2023-10-19) International Finance Corporation
    IFC, a member of the World Bank Group, is the largest global development institution focused on the private sector in emerging markets and developing economies. We work in more than 100 countries, using our capital, mobilization capacity, expertise, and influence to create jobs and raise living standards, especially for the poor and vulnerable. In fiscal year 2023, IFC committed a record 43.7 billion dollars to private companies and financial institutions in developing countries, leveraging the power of the private sector to improve people’s lives as economies grapple with the impacts of global compounding crises.
  • Publication
    Building a Better Future: IFC Annual Report 2023 Financials
    (International Finance Corporation, Washington, D.C., 2023-10-19) International Finance Corporation
    This Management’s Discussion and Analysis (MD&A) discusses the financial results of the International Finance Corporation (IFC or the Corporation) for the fiscal year ended June 30, 2023 (FY23). The MD&A contains forward looking statements which may be identified by such terms as “anticipates,” “believes,” “expects,” “intends,” “plans”, “aims” or words of similar meaning. Such statements involve a number of assumptions and estimates that are based on current expectations, which are subject to risks and uncertainties beyond IFC’s control. Consequently, actual future results could differ materially from those currently anticipated. IFC undertakes no obligation to update any forward-looking statements. Certain reclassifications of prior years’ information have been made to conform with the current year’s presentation.
  • Publication
    Evaluation Insight Note: Elements that Enhance Institutional Capacity Development in World Bank Projects and Country Partnerships in Sub-Saharan Africa
    (Washington, DC, 2023-10-18) World Bank
    Evaluation Insight Notes (EIN) offer new insights from existing evidence on important strategic and operational issues. This EIN draws on Independent Evaluation Group evidence to identify lessons for addressing institutional capacity development needs in Sub-Saharan Africa. Institutions shape how countries foster poverty reduction, support sustainable growth, and respond during crises. World Bank projects and country partnerships operating in challenging contexts in Sub-Saharan Africa routinely integrate and show results in institutional capacity development. Addressing institutional challenges in these and similar contexts involves multiple organizations and is like running through a labyrinth because of the need for quick decisions, unclear processes, shifting objectives, and trial and error. The cases reviewed for this EIN consistently supported institutional reforms in a variety of challenging contexts with, for example, compromised financial systems, corruption, and civil conflict. To help navigate institutional capacity development, this Evaluation Insight Note (EIN) answers the question: How can the World Bank help address institutional capacity development needs in Sub-Saharan Africa based on the body of work of the Independent Evaluation Group (IEG) from 2008 to 2022 Although an overall framework has not been defined to guide institutional capacity, the World Bank has often usefully diagnosed and addressed institutional capacity development needs by applying the Institutional Change Assessment Method. Using this method helps harness four elements that can enhance both the process and the results of institutional capacity development: (i) Routine integration of institutional capacity development in World Bank projects provides multiple entry points for enhancing processes of institutional change. (ii) Interventions with better institutional capacity development results tend to have higher outcome ratings. This implies that analyses from the Institutional Change Assessment Method can be used to adapt country portfolios in a way that improves outcome ratings. (iii) Because strengthening the ownership of interest groups is the most important dimension of institutional change in World Bank projects and country programs, its prioritization can help enhance results. (iv) Support for commitment, coordination, and cooperation helps improve institutional capacity development processes. (v) Support for commitment, coordination, and cooperation helps improve institutional capacity development processes.