01. Annual Reports & Independent Evaluations

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The World Bank Group’s 2018 Capital Increase Package - An Independent Validation of Implementation and Results

(World Bank, Washington, DC, 2023-08-29) Independent Evaluation Group

This report presents the Independent Evaluation Group’s validation of the World Bank Group’s 2018 capital increase package (CIP). It assesses the World Bank Group’s progress in implementing the CIP’s policy measures and achieving its targets, as well as the quality of management’s CIP reporting. The 2018 CIP boosted the Bank Group’s financial firepower with a $7.5 billion paid-in capital increase for the International Bank for Reconstruction and Development (IBRD), $5.5 billion paid-in capital increase for the International Finance Corporation (IFC), $52.6 billion callable capital increase for IBRD, and internal savings measures. The CIP also included a policy package that committed Bank Group management to policy actions linked to the Bank Group’s 2016 Forward Look strategy. The CIP committed to reporting annually on its implementation and an independent assessment after five years. This report fulfills the commitment to an independent assessment. This validation builds on management’s own reporting and other complementary evidence to assess the World Bank Group’s progress in implementing the CIP’s policy measures and achieving its targets. The report also assesses the quality of management’s CIP reporting. The report points to lessons on developing, implementing, and reporting corporate initiatives and commitments, such as the importance of having clear strategies or action plans, explicit buy-in from senior management, and accurate reporting with meaningful indicators and realistic targets.
FY 2023 North Macedonia Country Opinion Survey Report

(World Bank, Washington, DC, 2023-05-25) World Bank Group

The Country Opinion Survey in North Macedonia assists the World Bank Group (WBG) in gaining a better understanding of how stakeholders in North Macedonia 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 North Macedonia on 1) their views regarding the general environment in North Macedonia; 2) their overall attitudes toward the WBG in North Macedonia; 3) overall impressions of the WBG’s effectiveness and results, knowledge work and activities, and communication and information sharing in North Macedonia; and 4) their perceptions of the WBG’s future role in North Macedonia.
FY 2022 Panama Country Opinion Survey Report

(Washington, DC, 2023-05-08) World Bank Group

The Country Opinion Survey in Panama assists the World Bank Group (WBG) in gaining a better understanding of how stakeholders in Panama 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 Panama on 1) their views regarding the general environment in Panama; 2) their overall attitudes toward the WBG in Panama; 3) overall impressions of the WBG’s effectiveness and results, knowledge work and activities, and communication and information sharing in Panama; and 4) their perceptions of the WBG’s future role in Panama.
FY 2022 Angola Country Opinion Survey Report

(Washington, DC, 2023-05-08) World Bank Group

The Country Opinion Survey in Angola assists the World Bank Group (WBG) in gaining a better understanding of how stakeholders in Angola 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 Angola on 1) their views regarding the general environment in Angola; 2) their overall attitudes toward the WBG in Angola; 3) overall impressions of the WBG’s effectiveness and results, knowledge work and activities, and communication and information sharing in Angola; and 4) their perceptions of the WBG’s future role in Angola.
International Finance Corporation Additionality in Middle-Income Countries: An Independent Evaluation April 17, 2022

(World Bank, Washington, DC, 2023-05-03) World Bank

Additionality is a core feature of private sector development finance institutions (DFIs). It is the unique contribution that a DFI or a multilateral/ bilateral bank brings to a private investment project that is not offered by commercial sources of finance. The key idea is that the investment project should add value without crowding out private sector activity. Identifying and articulating project additionality is particularly important in middle- income countries (MICs) since financial markets in MICs are more developed, and private investment far exceeds official development assistance. This evaluation report examines the relevance and effectiveness of IFC’s approach to additionality in MICs and seeks to explain the factors that contribute to or constrain its realization. While the evaluation focuses on IFC’s additionality on the level of the project, it also applies the lens of country and sector context to draw additional learning. Thus, it considers whether additionality can occur beyond the level of a single project—for example, at the country and sector level. Both at the project level and beyond the project, the evaluation derives lessons and offers recommendations on how IFC can further strengthen its additionality.
Evaluation of the World Bank’s Support to Procurement and Its Principles (Approach Paper)

(World Bank, Washington, DC, 2023-05-03) Independent Evaluation Group

In 2015, the World Bank approved a new procurement framework, which aimed to reform its approach to procurement. The World Bank’s reform was intended to reform its procurement systems and the way procurement is supported in client countries. The procurement reform emphasized seven core principles of value for money for decision-making, efficiency, economy, integrity, fairness, transparency, and fit for purpose. Anchoring the reform in a set of principles was intended to promote greater flexibility and more effective operational procurement. The procurement reform is a continuous change management process. The objective of the evaluation is to assess the results, successes, and challenges of the World Bank’s procurement since the reforms made in 2016 and thus help inform its continuation.
The World Bank Group in Mozambique, Fiscal Years 2008-21 - Country Program Evaluation

(Washington, DC, 2023-03-22) World Bank

Between 1993 and 2013, Mozambique became one of the fastest-growing economies in Sub-Saharan Africa boosting incomes and living standards. Political and macroeconomic stability provided the foundation for robust growth led by a rebounding agricultural sector and significant donor support. Growth, however, decelerated beginning in 2016 in the face of low commodity prices, a hidden debt crisis, and natural disasters. In FY18, Mozambique was formally classified as a fragile country. The Covid-19 pandemic further eroded growth. In light of the country’s evolving context, this Country Program Evaluation (CPE) reviews the World Bank Group’s engagement in Mozambique over the period FY08 into FY21. The CPE assesses the extent to which the Bank Group’s support was relevant to Mozambique’s main development challenges and drivers of fragility as well as how Bank Group support evolved and adapted over time. The evaluation delves into four themes that are relevant to Mozambique’s pursuit of the Bank Group’s Twin Goals of Poverty Reduction and Shared Prosperity: (i) low agricultural productivity; (ii) unequal access to basic services; (iii) weak institutions and governance; and (iv) vulnerability to climate change and natural disasters. The evaluation presents findings from each of the four themes covered and distills lessons from Bank Group experience in Mozambique to inform future strategies and engagements.
FY 2023 Armenia Country Opinion Survey Report

(Washington, DC, 2023-03-01) World Bank

The Country Opinion Survey in Armenia assists the World Bank Group (WBG) in gaining a better understanding of how stakeholders in Armenia 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 Armenia on 1) their views regarding the general environment in Armenia; 2) their overall attitudes toward the WBG in Armenia; 3) overall impressions of the WBG’s effectiveness and results, knowledge work and activities, and communication and information sharing in Armenia; and 4) their perceptions of the WBG’s future role in Armenia.
The World Bank’s Early Support to Addressing Coronavirus (COVID-19) Health and Social Response - An Early-Stage Evaluation

(Washington, DC, 2022-11-15) World Bank

This evaluation assesses the quality of the World Bank’s early response to the COVID-19 crisis and the initial steps toward recovery, focusing on the health and social response. It concentrates on the relief stage and support to restructure systems in the first 15 months of the pandemic (February 1, 2020, to April 30, 2021) in 106 countries. A parallel Independent Evaluation Group evaluation looks at the World Bank Group support to address the economic implications of the pandemic. To assess the quality of the response, the evaluation is guided by a theory of action that synthesizes evidence in three dimensions: relevance of support to the needs of countries; implementation, learning, and adjustment; and operational policy and partnerships to support smooth responses in countries. As the response is ongoing, the evaluation does not assess effectiveness but considers early results and pathways that are expected to lead to outcomes. The findings from the evaluation inform four recommendations for ensuring stronger future preparedness: (i) Use the World Bank’s crisis recovery efforts to strengthen the resilience of essential health and education. (ii) Apply a gender equality lens to health and social crisis response actions across sectors. (iii) Help countries strengthen regional cooperation and crisis response capacities for public health preparedness. (iv) Build on the COVID-19 experience to strengthen the World Bank’s internal crisis preparedness so that it has the tools and procedures ready to respond in future emergencies.
FY 2022 Rwanda Country Opinion Survey Report

(World Bank, Washington, DC, 2022-11) World Bank Group

The country opinion survey in Rwanda assists the World Bank Group (WBG) in gaining a better understanding of how stakeholders in Rwanda perceive the WBG. It provides the WBG with systematic feedback from national and local governments, multilateral and bilateral agencies, media, academia, the private sector, and civil society in Rwanda on: (1) their views regarding the general environment in Rwanda; (2) their overall attitudes toward the WBG in Rwanda; (3) overall impressions of the WBG’s effectiveness and results, knowledge work and activities, and communication and information sharing in Rwanda; and (4) their perceptions of the WBG’s future role in Rwanda.