01. Annual Reports & Independent Evaluations

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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.
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.
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.
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.
Additional Financing for Transport and Information and Communication Technology

(World Bank, Washington, DC, 2015-06-23) Independent Evaluation Group

In May 2005, the Bank adopted a new policy and new procedures on Additional Financing (OP/BP13.20) for investment lending, replacing the previous policy on supplemental financing. This policywas later revised in March 2012. This learning product assesses the performance of the AdditionalFinancing (AF) operations approved since then and draws lessons from their implementationexperience. The assessment focuses on AF in projects of the Transport and Information andCommunication Technology (ICT) Global Practice (GP). This was selected as the first batch ofoperations to review because they represent a large share in lending volume, as well as the fact that there is an existing AF study conducted by the former Transport Anchor which this review coulduse to verify the AF portfolio. This note aims to enhance the understanding of the way it has been used and how it has affected the project outcomes, through reviewing a subset of the AF portfolio for which the relevant data was readily available. The review notes the limitation of the small sample. More areas could be investigated when the data of more projects become available.
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.
Bosnia and Herzegovina: The World Bank Group Country Opinion Survey FY14

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

The Country Opinion Survey in Bosnia and Herzegovina assists the World Bank Group (WBG) in gaining a better understanding of how stakeholders in Bosnia and Herzegovina 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 Bosnia and Herzegovina on 1) their views regarding the general environment in Bosnia and Herzegovina; 2) their overall attitudes toward the WBG in Bosnia and Herzegovina; 3) overall impressions of the WBG’s effectiveness and results, knowledge work and activities, and communication and information sharing in Bosnia and Herzegovina; and 4) their perceptions of the WBG’s future role in Bosnia and Herzegovina.
World Bank Group Engagement in Resource-Rich Developing Countries: The Cases of the Plurinational State of Bolivia, Kazakhstan, Mongolia, and Zambia

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

This report by the Independent Evaluation Group (IEG) summarizes the experiences of and draws lessons from the country program evaluations of four natural resource-rich countries: the Plurinational State of Bolivia, Kazakhstan, Mongolia, and Zambia. It concludes that although the challenges identified in these countries are not unique, they manifest themselves with particular intensity in three closely interrelated areas that need to be defined and structured as a coherent strategy: (i) management of revenues from an exhaustible resource; (ii) growth and employment in the non-extractive sectors, and (iii) inclusive growth and reduction of poverty. Overall, looking at the four resource-rich countries in this evaluation, one does not see the World Bank Group as having a consistent framework for engagement, driven by the defining characteristics of these countries—their rich endowment with non-renewable natural resources and dependence on revenues from their exploitation. Each of the four stories evolved in a unique way that depended on how the country teams decided to react to differing country circumstances. The main challenge for the Bank Group in these countries today is how to stay relevant and competitive, as its value proposition is no longer its financial resources, but its knowledge and global experience, which may call for a more modest scope of interventions while keeping the focus on key challenges.
Zambia Country Program Evaluation FY04-13: An Independent Evaluation

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

From 2004 to 2012, Zambia experienced a combination of good economic policies and high rates of growth not seen since the early years after its independence. While growth was mainly driven by rising copper prices, other factors contributed to Zambia’s ability to take advantage of this growth. The international debt relief programs in 2004-2005 almost eliminated public debt and provided the fiscal space for selective, high-priority investments and expanded social programs. The privatization of the copper mines brought new investment in rehabilitation and expansion of production. The period also saw a substantial expansion of primary education and progress in dealing with the most pervasive public health problems. These positive developments set the stage for Zambia to tackle its pervasive poverty. In practice, however, sustained growth over the period has led to little poverty reduction, especially in rural areas of the country. The Bank Group and other donors provided critical support at the beginning of the evaluation period, when Zambia’s debt level became unsustainable. The Bank provided substantial support for capacity development and better functioning institutions. The Bank’s efforts to strengthen public administration and improve governance met with some partial successes in enhanced audit and procurement capacity, and the achievement of Extractive Industries Transparency Initiative compliance. However, despite nearly a decade of implementation, the Integrated Financial Management Information Systems (IFMIS), is still only partially operational. Further, the Zambian government has not followed through on its positive discourse regarding decentralization of government authority.