Publication: IFC in Indonesia : An Independent Country Impact Review
Date
2008-09
ISSN
Published
2008-09
Author(s)
World Bank
Abstract
Independent Evaluation Group's
(IEG's) Country Impact Review (CIR) evaluates
International Finance Corporation's (IFC's)
strategies and operations, and their outcome drivers in
Indonesia, during fiscal year (FY) 1990-2006. The review
covers the period before, during (FY 1998-2000) and after
the most recent economic crisis. The CIR was prepared in
parallel with the IEG Country Assistance Evaluation (CAE) of
the World Bank's operations during FY 1998-2005, both
are intended to inform the next World Bank Group Country
Assistance Strategy (CAS) for Indonesia. While IFC's
strategic priorities in Indonesia have been aligned with the
country's private sector development needs, it has made
little progress in supporting a larger private sector role
in infrastructure and in helping deepen the financial
markets. Increased private sector participation and IFC
support for infrastructure development and for deepening the
financial markets will depend on further government reforms.
The CIR calls for a stronger IFC role in infrastructure and
capital market development, including by strategically and
operationally partnering with the World Bank and other
Multilateral Development Banks (MDBs) to help dovetail
sector reforms and investments. IFC needs to strengthen the
environmental supervision of its Indonesian projects. The
current compliance rate on environmental aspects is
significantly below the institutional average and should be improved.
Citation
“World Bank. 2008. IFC in Indonesia : An Independent Country Impact Review. IEG Fast Track Brief; No. 2. © World Bank, Washington, DC. http://openknowledge.worldbank.org/entities/publication/9742cf25-9435-5404-819c-a7b869203944 License: CC BY 3.0 IGO.”