01. Annual Reports & Independent Evaluations
1,030 items available
Permanent URI for this collection
Sub-collections of this Collection
Items in this collection
1 - 10 of 225
-
Publication
IFC Annual Report 2021: Meeting the Moment
(International Finance Corporation, Washington, DC, 2021-10-04)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, expertise, and influence to create markets and opportunities for better lives. In fiscal year 2021, we invested $31.5 billion in total commitments, including $23.3 billion in long-term finance and $8.2 billion in short-term finance, to private companies and financial institutions in emerging and developing economies, leveraging the power of the private sector to end extreme poverty and boost shared prosperity. For more information, visit www.ifc.org. -
Publication
MIGA Annual Report 2021
(Washington, DC: Multilateral Investment Guarantee Agency, 2021-10-01)In FY21, MIGA issued 5.2 billion US Dollars in new guarantees across 40 projects. These projects are expected to provide 784,000 people with new or improved electricity service, create over 14,000 jobs, generate over 362 million US Dollars in taxes for the host countries, and enable about 1.3 billion US Dollars in loans to businesses—critical as countries around the world work to keep their economies afloat. Of the 40 projects supported during FY21, 85 percent addressed at least one of the strategic priority areas, namely, IDA-eligible countries (lower-income), fragile and conflict affected situations (FCS), and climate finance. As of June 2021, MIGA has also issued 5.6 billion US Dollars of guarantees through our COVID-19 Response Program and anticipate an expansion to 10–12 billion US Dollars over the coming years, a testament to the countercyclical role that MIGA can play in mobilizing private investment in the face of the pandemic. A member of the World Bank Group, MIGA is committed to strong development impact and promoting projects that are economically, environmentally, and socially sustainable. MIGA helps investors mitigate the risks of restrictions on currency conversion and transfer, breach of contract by governments, expropriation, and war and civil disturbance, as well as offering credit enhancement on sovereign obligations. -
Publication
The World Bank Group Outcome Orientation at the Country Level: An Independent Evaluation
(World Bank, Washington, DC, 2020-11-30)The World Bank Group’s success rests on its ability to help its client countries achieve the development outcomes they desire. This demands a strong outcome orientation at the country-level, defined as the Bank Group’s ability to generate feedback on what works, what does not, and why, use this feedback to adapt country programs, and boost contribution to development outcomes. This learning-focused evaluation provides a new vision of how to strengthen the Bank Group's outcome orientation in countries. IEG finds that the model of how the Bank Group aims for outcomes in its client countries is sound. However, the results system does not capture the Bank Group’s contribution to country outcomes well, as its reliance on metrics, attribution, and short time-boundedness does not suit the nature of country programs. While country teams practice adaptive management, the country-level results system does not effectively support them in doing so. The report makes concrete proposals on how to rethink the country-level results systems, its tool kit; the accountability principles that underlies the system; and the incentives for staff to learn from experience and prioritize development results. -
Publication
MIGA Annual Report 2020
(Washington, DC: Multilateral Investment Guarantee Agency, 2020-10-02)MIGA’s mandate is to promote cross-border private investment in developing countries by providing guarantees (political risk insurance and credit enhancement) to investors and lenders. In FY20, MIGA issued nearly US$4 billion in new guarantees, helping mobilize over US$7 billion in total financing. FY20 projects will provide access to power to some 12.4 million people, procure US$4.3 million in goods locally each year, and avoid approximately 3 million tons of carbon dioxide equivalent (tCO2e) emissions per year. Of the 47 projects supported during FY20, 70 percent addressed at least one of the three strategic priority areas: IDA-eligible countries, fragile and conflict-affected situations (FCS), and climate change. Since its creation, MIGA has issued over $59 billion in guarantees across 118 developing countries. -
Publication
Bonds for Sustainable Development: Impact Report 2019
(World Bank, Washington, DC, 2020-05)This World Bank Sustainable Development Bond Impact Report 2019 is the first impact report covering all World Bank (International Bank for Reconstruction and Development, IBRD) bond issuance and the entire portfolio of IBRD’s development activities. The Sustainable Development Bond Impact Report 2019 describes how IBRD bond proceeds support the financing of sustainable development across a variety of sectors and how project results align to the Sustainable Development Goals (SDGs). The report is a key part of the World Bank’s efforts to engage market participants to support capital markets with strong transparency and disclosure standards and improve market participation to direct greater capital flows to sustainable purposes. The report provides an overview of how the World Bank engages with investors when issuing Sustainable Development Bonds using the SDGs as a framework and highlights related transactions. The Impact Highlights section maps results to the SDGs for 71 IBRD projects completed in fiscal year 2019 and provides forward looking information for the 84 projects that were approved and started disbursing in fiscal years 2018 and 2019 – the period for which IBRD introduced detailed use of proceeds language for its bonds. The report also provides information on the World Bank Group’s response to the coronavirus pandemic including examples of projects in countries eligible for IBRD financing. The impact report was prepared in consultation with investors and other capital market stakeholders, as an integral part of the process, to ensure the report met investor expectations. In addition to providing information on results, the report outlines the World Bank’s operational processes and safeguards and alignment of its bond issuance with market frameworks, namely the Sustainability Bond Guidelines coordinated by the International Capital Market Association. -
Publication
MIGA Annual Report 2019
(Washington, DC: Multilateral Investment Guarantee Agency, 2019-10-11)Private investors provide not just financing, but also solutions, for projects in developing countries. Yet, non-commercial risks can make them hesitant to invest in developing countries. A member of the World Bank Group, MIGA is committed to strong development impact and promoting projects that are economically, environmentally, and socially sustainable. MIGA helps investors mitigate the risks of restrictions on currency conversion and transfer, breach of contract by governments, expropriation, and war and civil disturbance, and also offers credit enhancement. Over the last six years, MIGA has doubled its portfolio, resulting in approximately 50 million people gaining access to power, and $3.9 billion in annual taxes and fees paid to host governments through MIGA-supported projects. -
Publication
MIGA Annual Report 2018
(Multilateral Investment Guarantee Agency, Washington, DC, 2018-10)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. -
Publication
MIGA Annual Report 2017: Insuring Investments, Ensuring Opportunities
(Washington, DC, 2017-10)In fiscal year 2017, MIGA continued to work on the WBG’s twin goals of eradicating extreme poverty and promoting shared prosperity by focusing on IDA (low income) countries, Fragile and Conflicted States, Climate Change and Innovation. Projects we supported will help 8.5 million people gain access to power, help avoid 1.1 million tons of greenhouse gas emissions, and enable access to healthcare for 8.7 million patients. We issued $4.8 billion in guarantees to private investors. This is a record for MIGA. Nearly half of our projects were in IDA. We also continued to work tirelessly to ensure that we supported investments in fragile and conflict-affected countries, which make up 10% of our portfolio. -
Publication
Results in the Latin America and Caribbean Region, 2016, Volume 7
(World Bank, Washington, DC, 2016-04)Over the last decade, the countries of the Latin America and the Caribbean region experienced a deep economic and social transformation which lifted millions out of poverty and swelled the ranks of the middle class. Strong economic growth driven by both domestic reforms and a favorable global economic environment, was responsible for this progress. Complementary social programs, made possible by growing fiscal space, helped finance programs that supported the poor and disadvantaged. Economic tailwinds have now receded and much of the region is now working to hold on to the recent economic and social gains. Governments are having to adjust to the new global conditions which an increasing number of analysts are regarding as 'the new normal'. This means that the region will need to work harder to (i) revive economic growth through productivity gains and stable macroeconomic policies; (ii) invest in sustainable cities and infrastructure for an increasingly urban population; and (iii) help the poor get out of poverty through quality education and health services and affordable social protection programs. -
Publication
2015 Sustainability Review
(Washington, DC, 2015-10)The 2015 Sustainability Review provides insights into activities undertaken to manage environmental, social, and economic impacts in the World Bank’s internal business operations. The content and data in this document relate to the International Bank for Reconstruction and Development (IBRD) and the International Development Association (IDA), together the World Bank.