01. Annual Reports & Independent Evaluations

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Housing Finance: World Bank Group Support for Housing Finance

(World Bank, Washington, DC, 2016-04-20) Independent Evaluation Group

Access to adequate housing is critically important to the health and wellbeing of the world’s population. Yet, despite the fact that this statement is part of the United Nations Universal Declaration of Human Rights and has been on the global policy agenda for many years, hundreds of millions of people continue to live in inadequate conditions with little or no access to decent housing. The demand for housing solutions will increase as urbanization and population growth persists. The United Nations Human Settlements Program (UN-Habitat) has estimated that the number of people living in slums around the world will rise to 900 million by 2020 if nothing is done. Asia and Africa will face special challenges, because urbanization in those regions is proceeding rapidly. Housing is frequently unaffordable to all but the top earners. A recent report estimates a housing affordability gap affecting 330 million households, with 200 million households in the developing world living in slums (McKinsey Global Institute 2014). Research has shown that more and better housing increases the welfare of occupants. Homeownership may increase stability and civic engagement, and provide financial security in old age. Improvements in housing also have important benefits to the economy. Housing construction and home improvement generate demand for professional, skilled, semi-skilled, and unskilled labor; and allow many micro and small businesses to flourish. The housing market is an important component of national economies and housing booms and busts can have significant effects on the macro economy and financial sector. The core purpose of this learning product is to generate knowledge and provide lessons learned from World Bank Group support to housing finance. Lessons were derived primarily from evaluated interventions in the form of World Bank loans or International Finance Corporation (IFC) investments and advisory services. World Bank technical assistance and knowledge products and interventions on housing finance matters were considered when provided in the context of lending operations. One limitation faced in preparation of this learning product was the lack of coverage of stand-alone World Bank advisory services.
Results in the Latin America and Caribbean Region, 2016, Volume 7

(World Bank, Washington, DC, 2016-04) World Bank ; Palladini, Eric

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.
2015 Sustainability Review

(Washington, DC, 2015-10) World Bank

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.
2015 GRI Index

(Washington, DC, 2015-10-01) World Bank

This 2015 index of sustainability indicators has been prepared in accordance with the internationally recognized standard for sustainability reporting Global Reporting Initiative (GRI) guidelines and complies with the ‘core option.’ The GRI Index provides an overview of sustainability considerations within the World Bank’s lending and analytical services as well as its day-to-day operations and management of staff. The World Bank aims to be comprehensive in its reporting and thus the Index includes indicators from GRIs financial sector supplement. The GRI Index covers activities from fiscal 2015, July 1, 2014, through June 30, 2015.
World Bank Group and World Bank Corporate Scorecards, October 2015

(World Bank, Washington, DC, 2015-10) World Bank Group

In July 2013, the World Bank Group launched its Strategy, outlining how it will partner more effectively with clients to help them achieve the ambitious goals of eradicating extreme poverty and boosting shared prosperity through economic growth, inclusion, sustainability and resilience. In April 2014, the World Bank Group Corporate Scorecard was launched for the first time and the World Bank Scorecard revised to monitor the implementation of the strategy. The World Bank Group Scorecard provides view of the results and performance indicators of the three World Bank Group institutions: the World Bank (WB), the International Finance Corporation (IFC), and the Multilateral Investment Guarantee Agency (MIGA). This brochure presents the scorecards, updated with the latest data available in fiscal year 2015. The scorecards are structured in three tiers. A tier one and two presents indicators monitoring aspects of growth, inclusiveness, and sustainability and resilience. Tier three captures the progress in implementing the World Bank Group strategy and includes measures of both operational and organizational effectiveness.
Results in the Latin America and Caribbean Region, 2015, Volume 6

(World Bank, Washington, DC, 2015-10-01) World Bank ; Palladini, Eric

Latin America and the Caribbean (LCR) will be center stage in the global development debate as leaders from around the world convene in Lima, Peru for the annual meetings of the World Bank Group and International Monetary Fund. Critical progress in poverty reduction has been made in the region over the last decade. The region’s bottom 40 percent of the population saw growth eclipsing that seen by the group in every other region in the world. However, a global slowdown in economic growth and activity challenges these positive strides. The stories in this report embody concrete successes of countries working together with the World Bank. Innovative development approaches were designed and implemented. Individuals, communities, countries, and even regions benefited from better health, education, governance, disaster risk management, and more.
The Quality of Results Frameworks in Development Policy Operations

(World Bank, Washington, DC, 2015-06-24) Independent Evaluation Group

The objective of this review is to synthesize existing evaluative evidence and generate new evidence on the quality of the Results Frameworks (RFs) of development policy operations (DPOs). The study is organized around a number of evaluative questions on various aspects of DPO design, implementation, reporting, and evaluation. Its focus is on the quality of RF, taking objectives and coverage for granted. The study does not cover the scope and coverage of reform programs underpinning DPOs, including the relevance of objectives, or the choice of policy areas and the links between DPOs and country assistance strategies. It generally does not look at program achievements and outcomes, except in cases when it is required for assessing the quality of prior actions (PAs). The structure of the review is: chapter one presents the methodology; chapter two has the findings with respect to the presentation and clarity of RFs; chapter three discusses evidence of the quality of PAs and their contribution to the robustness of RFs; chapter four discusses findings with respect to the use of programmatic approach in DPOs relevant for RFs; chapter five discusses strengths and weaknesses in the ME framework of DPOs; chapter six discusses reporting of DPO results at completion and implications for IEG validation and evaluation of DPOs.
Results in the Latin America and Caribbean Region 2015, Volume 5

(Washington, DC, 2015-04) World Bank

In the past decade, Latin America and the Caribbean has achieved impressive social and economic successes. For the first time in history, more people are in the middle class than in poverty. Inequality, although still high, declined markedly. Growth, jobs and effective social programs have transformed the lives of millions. In a striking departure from the crisis-prone Latin America of the past, the region has shown it is better prepared to weather the brunt of the global economic slowdown. Now, the region faces the challenge of maintaining and expanding its hard won gains in an adverse context of low growth. This is caused in part by a decrease in commodity prices and reduced economic activity in major commercial partners such as China. In such a scenario, achieving development results - and learning from them - becomes more important. This publication showcases stories about people and how their lives have been improved through better health and education, youth employment, disaster recovery and preparedness, infrastructure, and more.
Guinea-Bissau: The World Bank Group Country Opinion Survey FY 2014

(World Bank, Washington, DC, 2015-02) World Bank Group

The Country Opinion Survey in Guinea-Bissau assists the World Bank Group (WBG) in gaining a better understanding of how stakeholders in Guinea-Bissau 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 Guinea-Bissau on 1) their views regarding the general environment in Guinea-Bissau; 2) their overall attitudes toward the WBG in Guinea-Bissau; 3) overall impressions of the WBG’s effectiveness and results, knowledge work and activities, and communication and information sharing in Guinea-Bissau; and 4) their perceptions of the WBG’s future role in Guinea-Bissau.
Transforming Our World--Aiming for Sustainable Development: Using Independent Evaluation to Transform Aspirations to Achievements

(World Bank, Washington, DC, 2015) Independent Evaluation Group

The year 2015 is pivotal in international development. In the lead-up to 2000, the global community came together at various conferences to agree on, for the first time in known history, shared development goals. The eight Millennium Development Goals (MDGs) set 18 targets that were aimed at significantly reducing disease, illiteracy, gender inequality, hunger, and poverty, and improving access to water and sanitation by 2015. Leading up to this point where the era of the MDGs concludes, progress has been monitored and discussions started well ahead of this momentous year to define and meet the more ambitious Sustainable Development Goals (SDGs), building on and bringing to fruition what has been started under the MDG agenda. Much progress has been made toward achieving the MDGs. The world reached the poverty reduction target five years ahead of schedule, and progress has been reported in a number of other areas. However, considerable challenges remain: even while declaring success on MDG1, roughly a billion people remained in poverty. A large number of MDG targets will not be met by the end of 2015, and progress remains uneven among the different countries. Moreover, new challenges to progress are emerging deriving from natural and manmade calamities. To deliver on the twin goals and the post-2015 agenda, the Bank Group would benefit from a clearly articulated role, approach, and expected contribution to the SDGs, both externally for enhancing partnerships and internally to facilitate prioritization and synergies. As this paper has shown, the World Bank Group works actively in many areas relevant to the SDGs, actually many more than covered here, but various evaluations have pointed to the importance of multi-sector integrated approaches that challenge countries and their partners to find new ways of working. The challenges that the SDGs aim to address, and the SDGs themselves, are complex, and solutions will have to be tailored to context, bring together multiple actors, and benefit from dynamic, constantly adjusted planning and execution that is informed by ongoing monitoring and evaluation.