Publication: IFC in Nigeria : An Independent Country Impact Review
Date
2008-10
ISSN
Published
2008-10
Author(s)
World Bank
Abstract
Independent Evaluation Group's
(IEG's) country impact review (the report) examines if,
from July 1998 through December 2007, International Finance
Corporation (IFC): (i) successfully defined a relevant and
appropriate strategy for helping Nigeria tackle its most
pressing needs; (ii) provided investment and advisory
services that were reflective of IFC's strategy; and
(iii) achieved positive development results. IFC's
strategies in Nigeria reflected the characteristics of
IFC's process for development of country strategies
jointly with the World Bank. These characteristics include:
(i) poor integration with IFC's main strategy and
budget process; (ii) loosely formulated country objectives
and priorities in terms of sectors and products; and (iii)
little or no resource allocation. As a result, IFC's
strategies for Nigeria have not fulfilled their purpose of
setting priorities, defining targets, and securing the
human, organizational, and other resources required.
Citation
“World Bank. 2008. IFC in Nigeria : An Independent Country Impact Review. IEG Fast Track Brief; No. 3. © Washington, DC. http://openknowledge.worldbank.org/entities/publication/27377228-6bb7-5fac-a3b6-462831b0ab4a License: CC BY 3.0 IGO.”