Publication: World Bank Group Joint Projects: A Review of Two Decades of Experience
Loading...
Published
2017-01
ISSN
Date
2017-08-16
Author(s)
Editor(s)
Abstract
Working as One World Bank Group is central to the WBG’s strategy of helping countries end extreme poverty and promote shared prosperity sustainably. Over the past 20 years (1995 to 2015), many initiatives have sought to boost WBG effectiveness by increasing the number of projects jointly financed by IFC, MIGA, and/or the World Bank. Yet the number of joint projects still amounts to a very modest share of the overall WBG project commitments. This first systematic stocktaking by IEG of joint or co-financed projects within the WBG offers insight on both benefits of, and challenges in, developing, structuring, supervising, monitoring and evaluating joint projects. It draws lessons from past experience, staff and client feedback, and highlights implications for WBG management regarding expectations of increased co-financed projects in the future.
Link to Data Set
Citation
“Independent Evaluation Group. 2017. World Bank Group Joint Projects: A Review of Two Decades of Experience. © World Bank. http://hdl.handle.net/10986/27905 License: CC BY 3.0 IGO.”
Associated URLs
Associated content
Other publications in this report series
Journal
Journal Volume
Journal Issue
Collections
Related items
Showing items related by metadata.
Publication The World Bank Group and Public Procurement--An Independent Evaluation : Volume 2: Achieving Development Effectiveness through Procurement in Bank Financial Assistance(Washington, DC: World Bank, 2014)Good public procurement practices are a major determinant of the effectiveness of public expenditure. On behalf of their citizens, governments typically spend as much as 5-20 percent of their gross domestic product on procurement of goods and services, and effective procurement policies enable better use of government budgets. Good national procurement practices are therefore an essential element of the poverty reduction focus of the Bank. Good procurement in Bank projects is also associated with better development outcomes. Equally, sound public procurement in client countries is a prerequisite for the success of the Bank's newly introduced program for results lending instrument. The Bank seeks to ensure that its funds are used for the purpose intended and that they support development effectively and efficiently. Thus, the twin issues that underpin this Independent Evaluation Group (IEG) evaluation are first, how effectively has the World Bank helped build well-functioning public procurement systems in client countries and second, how well have Bank procurement policies and procedures for its investment lending supported the development effectiveness of Bank lending? The evaluation parallels an intensive review by Bank management of the institution's procurement function, motivated by the need to respond to a range of internal and external changes in the Bank's procurement environment. Several evaluations point to the value of coordination between procurement and public expenditure reforms, but also to the difficulties of realizing such coordination. Finally, there are queries related to the adaptability of current Bank procurement guidelines to new contexts, such as public-private partnerships (PPPs); technology loans; and small, fragile, or conflict-affected states. These questions have also contributed to the evaluation's design and coverage.Publication Results and Performance of the World Bank Group 2020(World Bank, Washington, DC, 2020-11-30)This report is an annual review of the development effectiveness of the World Bank Group. The report assesses the World Bank Group’s performance by analyzing the achievement of project and program objectives through validated ratings and by classifying these objectives according to their outcome levels. To provide new perspectives on performance, RAP 2020 also analyzes outcomes and discusses ways in which the Bank Group can continue to enhance its outcome orientation. The report highlights that the Bank Group’s results measurement systems collect evidence needed for ratings and for process and compliance monitoring with limited evidence on the Bank Group’s contributions to higher-level outcomes. Performance trends are positive for almost all Regions and Global Practices in the World Bank. Project ratings in countries affected by fragility, conflict and violence show improvement but continue to lag those in other countries. Positive ratings trends can be linked to continued improvements in quality at entry, strong implementation support and M&E, and broadly conducive economic and institutional conditions in many larger countries before the pandemic. Ratings for MIGA projects continued to increase. IFC project ratings remain depressed overall, but with signs of a modest uptick in the most recent data. Less successful results are often linked to large shocks, internal work quality and issues with preparing for risks and their response when shocks occurred.Publication Improving Institutional Capability and Financial Viability to Sustain Transport : An Evaluation of World Bank Group Support since 2002(Washington, DC: World Bank, 2013-03)The services provided by investments in road networks, railways and transit systems, and ports for trade by air and water are important contributors to poverty alleviation and economic growth. Sustained transport investments can support poverty reduction directly, in terms of improving access and thus economic opportunity targeted to the rural poor, and through facilitating broad-based growth. But the impact of infrastructure investments and the services that arise from them can be undermined by poor operations and maintenance. The objective of this evaluation is to assess the effectiveness of Bank group support to countries in sustaining the provision of transport infrastructure and services and to distill lessons on the factors contributing to sustained transport. In the context of this evaluation sustained provision of infrastructure and services is defined as the extent to which the policies, institutional and regulatory framework, sector management capacity, and financial arrangements are in place to ensure that transport infrastructure is operated and maintained, enabling a reliable flow of services over the long term. The term transport is used throughout this report to mean transport infrastructure and services, unless otherwise specified.Publication Capturing Technology for Development : An Evaluation of World Bank Group Activities in Information and Communication Technologies, Volume 1. The Evaluation(Washington, DC: World Bank, 2011)Technological innovation drives economic progress. Information and communication technologies (ICT) can be leveraged for development, but harnessing this potential depends on an enabling environment for their production, diffusion, and use. Otherwise, technology can widen rather than narrow existing inequalities. Over the past decade developing countries have seen rapid but uneven growth in ICT access and use. The unprecedented spread of mobile technologies, driven by private sector investment and supported by reforms to promote competition, enabled the growth of phone services for the underserved and poor to levels unseen before. But outside mobile telephony, large gaps exist in high-speed Internet access and broadband connectivity and in the diffusion and use of ICT in business, services, and government the areas where ICT can deliver the largest developmental impacts. The World Bank Group's strategy has sought development results in ICT by promoting (i) sector reform, (ii) access to information infrastructure, (iii) ICT skills development, and (iv) ICT applications. Among these areas, the Bank Group's most notable contributions have been in sector reforms and support to private investments for mobile telephony in difficult environments and in the poorest countries, where most of its activities have taken place. Countries with Bank Group support for policy reform and investments have increased competition and access faster than countries without such support. Going forward, the World Bank Group should retain a role in ICT, but with an important shift in priorities. First, the importance of reforms suggests a role for the Bank in this area related to (i) updating regulatory frameworks and (ii) preserving competition in the face of consolidation and convergence in the sector. Second, gaps in broadband and internet access, in the context of overall expansion of coverage, call for a selective role of the International Finance Corporation (IFC) and the Multilateral Investment Guarantee Agency (MIGA) in supporting private investments in difficult environments.Publication World Bank Group Support for Innovation and Entrepreneurship : An Independent Evaluation(World Bank Group, Washington, DC, 2013-09)World Bank Group management welcomes Independent Evaluation Group (IEG) review of innovation and entrepreneurship. The global financial crisis required developing economies to actively seek new sources of economic growth. Natural resource-intensive economies are pursuing new ways to diversify their productive capacity to build resilience to commodity cycles. Middle-income countries (MICs) are looking for ways to escape the middle-income trap. A number of developmental challenges, from climate adaptation to food security and health, require new, efficient technological solutions adapted to developing countries' needs. In such context, innovation and entrepreneurship are increasingly seen as essential ingredients for economic and social prosperity. The report notes there are limited mechanisms in place to share learning about innovation and entrepreneurship and few formal efforts to improve coordination. However, important initiatives are already under way to foster learning, cross fertilization, and codification of knowledge to support innovation policy. The innovation, technology, and entrepreneurship (ITE) global practice, for example, brings together innovation and entrepreneurship specialists across the Bank Group in knowledge exchange forums and other learning activities. The innovation policy platform (IPP), under advanced development, will provide a repository of knowledge on the "how to" of innovation policy and a collaborative space for users to exchange knowledge. The report recognizes that venture capital investments typically have high rates of failure in which only one or two investments earn high returns for every ten investments made. It states further that market practice assesses a fund's performance on a portfolio basis against its peers of the same vintage, not on a stand-alone basis. The positive effects on private sector development of International Finance Corporation (IFC) investments in venture capital funds confirm that this type of financing can be an important mechanism for fostering innovation, entrepreneurship, and growth of private enterprises. The report states that Multilateral Investment Guarantee Agency (MIGA) support helped jump-start private sector foreign direct investment in post conflict situations in Mozambique and Nicaragua. The report concludes that the effectiveness of MIGA's interventions to support innovation and entrepreneurship will be enhanced with improvements in the quality of its front-end work in assessment, underwriting, and monitoring. This report is organized as follows: chapter one presents evaluation context; chapter two gives strategies to support innovation and entrepreneurship; and chapter three deals with supporting innovation and entrepreneurship in World Bank Group projects; chapter four presents portfolio performance of World Bank Group support for innovation and entrepreneurship; chapter five gives learning from World Bank Group interventions; and chapter six gives conclusions and recommendations.
Users also downloaded
Showing related downloaded files
Publication Business Ready 2024(Washington, DC: World Bank, 2024-10-03)Business Ready (B-READY) is a new World Bank Group corporate flagship report that evaluates the business and investment climate worldwide. It replaces and improves upon the Doing Business project. B-READY provides a comprehensive data set and description of the factors that strengthen the private sector, not only by advancing the interests of individual firms but also by elevating the interests of workers, consumers, potential new enterprises, and the natural environment. This 2024 report introduces a new analytical framework that benchmarks economies based on three pillars: Regulatory Framework, Public Services, and Operational Efficiency. The analysis centers on 10 topics essential for private sector development that correspond to various stages of the life cycle of a firm. The report also offers insights into three cross-cutting themes that are relevant for modern economies: digital adoption, environmental sustainability, and gender. B-READY draws on a robust data collection process that includes specially tailored expert questionnaires and firm-level surveys. The 2024 report, which covers 50 economies, serves as the first in a series that will expand in geographical coverage and refine its methodology over time, supporting reform advocacy, policy guidance, and further analysis and research.Publication Argentina Country Climate and Development Report(World Bank, Washington, DC, 2022-11)The Argentina Country Climate and Development Report (CCDR) explores opportunities and identifies trade-offs for aligning Argentina’s growth and poverty reduction policies with its commitments on, and its ability to withstand, climate change. It assesses how the country can: reduce its vulnerability to climate shocks through targeted public and private investments and adequation of social protection. The report also shows how Argentina can seize the benefits of a global decarbonization path to sustain a more robust economic growth through further development of Argentina’s potential for renewable energy, energy efficiency actions, the lithium value chain, as well as climate-smart agriculture (and land use) options. Given Argentina’s context, this CCDR focuses on win-win policies and investments, which have large co-benefits or can contribute to raising the country’s growth while helping to adapt the economy, also considering how human capital actions can accompany a just transition.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 World Development Report 2006(Washington, DC, 2005)This year’s Word Development Report (WDR), the twenty-eighth, looks at the role of equity in the development process. It defines equity in terms of two basic principles. The first is equal opportunities: that a person’s chances in life should be determined by his or her talents and efforts, rather than by pre-determined circumstances such as race, gender, social or family background. The second principle is the avoidance of extreme deprivation in outcomes, particularly in health, education and consumption levels. This principle thus includes the objective of poverty reduction. The report’s main message is that, in the long run, the pursuit of equity and the pursuit of economic prosperity are complementary. In addition to detailed chapters exploring these and related issues, the Report contains selected data from the World Development Indicators 2005‹an appendix of economic and social data for over 200 countries. This Report offers practical insights for policymakers, executives, scholars, and all those with an interest in economic development.Publication Classroom Assessment to Support Foundational Literacy(Washington, DC: World Bank, 2025-03-21)This document focuses primarily on how classroom assessment activities can measure students’ literacy skills as they progress along a learning trajectory towards reading fluently and with comprehension by the end of primary school grades. The document addresses considerations regarding the design and implementation of early grade reading classroom assessment, provides examples of assessment activities from a variety of countries and contexts, and discusses the importance of incorporating classroom assessment practices into teacher training and professional development opportunities for teachers. The structure of the document is as follows. The first section presents definitions and addresses basic questions on classroom assessment. Section 2 covers the intersection between assessment and early grade reading by discussing how learning assessment can measure early grade reading skills following the reading learning trajectory. Section 3 compares some of the most common early grade literacy assessment tools with respect to the early grade reading skills and developmental phases. Section 4 of the document addresses teacher training considerations in developing, scoring, and using early grade reading assessment. Additional issues in assessing reading skills in the classroom and using assessment results to improve teaching and learning are reviewed in section 5. Throughout the document, country cases are presented to demonstrate how assessment activities can be implemented in the classroom in different contexts.