The World Bank's Country Policy and Institutional Assessment : An IEG Evaluation Independent Evaluation Group 2013-05-24T20:43:20Z 2013-05-24T20:43:20Z 2010-09
dc.description.abstract The World Bank's Country Policy and Institutional Assessment (CPIA) assess the conduciveness of a country's policy and institutional framework to poverty reduction, sustainable growth, and the effective use of development assistance. The CPIA enters the calculation of country performance ratings that, since 1980, have been used to allocate International Development Association (IDA) resources to eligible client countries. This evaluation was undertaken at the request of Board members to assess the appropriateness of the CPIA as a broad indicator of development effectiveness and as a determinant of the allocation of IDA funds. As indicated in the approach paper, this evaluation reviews the effects of the CPIA ratings on IDA allocations but does not review the IDA allocation formula itself. The evaluation finds that the CPIA content broadly reflects the determinants of economic growth and poverty reduction identified in the economics literature, but some criteria need to be revised (such as the trade criterion that places much greater emphasis on imports than exports) and streamlined, and one criterion (assessment of disadvantaged socioeconomic categories other than gender) added. The CPIA ratings also correlate well with ratings of similar indicators, and more so for International Bank for Reconstruction and Development than for IDA countries. In part, this could be caused by the CPIA exercise's practice over the past several years of taking into account a country's stage of development, which also means that the CPIA is no longer an index in the true sense of the word. It is difficult to establish an empirical link between the CPIA and economic growth outcomes, although CPIA ratings are found to be positively associated with aid effectiveness in the narrower sense-specifically, the performance of Bank loans. The report lays out four recommendations: disclose International Bank for Reconstruction and Development ratings; discontinue the "stage of development" adjustment to the ratings; review and revise the content and clustering of the criteria; and discontinue the current aggregation of the criteria into an overall index. en
dc.identifier.isbn 978-0-8213-8427-5
dc.language.iso en_US
dc.publisher Washington, DC: World Bank
dc.rights CC BY 3.0 IGO
dc.rights.holder World Bank
dc.subject accountability
dc.subject accounting
dc.subject ADB
dc.subject Agriculture
dc.subject Aid Effectiveness
dc.subject Bank loans
dc.subject Bank management
dc.subject Banking Sector
dc.subject benchmark
dc.subject benchmarking
dc.subject businessmen
dc.subject Competitiveness
dc.subject conflicts of interest
dc.subject consultation process
dc.subject contract enforcement
dc.subject corruption
dc.subject country experts
dc.subject crime
dc.subject Debt
dc.subject developed countries
dc.subject Development Assistance
dc.subject discretion
dc.subject econometric analyses
dc.subject Economic Cooperation
dc.subject economic growth
dc.subject economics
dc.subject economics literature
dc.subject Effective Use
dc.subject Empirical analysis
dc.subject Environmental
dc.subject Environmental Policies
dc.subject environmental regulations
dc.subject exports
dc.subject factoring
dc.subject financial management
dc.subject Financial Sector
dc.subject financial services
dc.subject financial stability
dc.subject fiscal policy
dc.subject Foreign Exchange
dc.subject Foreign Exchange Regime
dc.subject GDP
dc.subject good governance
dc.subject governance challenges
dc.subject governance performance
dc.subject governance ratings
dc.subject Gross domestic product
dc.subject Gross national product
dc.subject Gross national product per capita
dc.subject Inequality
dc.subject Inflation
dc.subject institutional framework
dc.subject insurance
dc.subject International Development
dc.subject investigation
dc.subject judicial independence
dc.subject macroeconomic management
dc.subject Macroeconomic Performance
dc.subject macroeconomic stability
dc.subject microfinance
dc.subject money laundering
dc.subject multilateral development banks
dc.subject national income
dc.subject pensions
dc.subject Performance Ratings
dc.subject polices
dc.subject political economies
dc.subject political participation
dc.subject poor governance
dc.subject portfolio
dc.subject private sector development
dc.subject problem loans
dc.subject procurement
dc.subject Product Markets
dc.subject property rights
dc.subject public debt
dc.subject public expenditures
dc.subject public sector management
dc.subject regulatory framework
dc.subject Resource Allocation
dc.subject Resource Mobilization
dc.subject resource use
dc.subject Revenue Mobilization
dc.subject rule of law
dc.subject Safety Nets
dc.subject social policies
dc.subject subsidiary
dc.subject sustainable growth
dc.subject theft
dc.subject trade liberalization
dc.subject Trade Policy
dc.subject transparency
dc.subject unemployment
dc.subject urbanization
dc.subject value added
dc.subject Worldwide Governance Indicators
dc.title The World Bank's Country Policy and Institutional Assessment : An IEG Evaluation en
dspace.entity.type Publication 2010-10-28
okr.doctype Publications & Research :: Publication
okr.doctype Publications & Research
okr.globalpractice Macroeconomics and Fiscal Management
okr.globalpractice Environment and Natural Resources
okr.globalpractice Finance and Markets
okr.globalpractice Governance
okr.identifier.doi 10.1596/978-0-8213-8427-5 56456
okr.language.supported en
okr.topic Environment :: Environmental Economics & Policies
okr.topic Finance and Financial Sector Development :: Banks & Banking Reform
okr.topic Governance :: Governance Indicators
okr.topic Macroeconomics and Economic Growth :: Economic Theory & Research
okr.topic Public Sector Development
okr.unit IEG Public Sector 1 (IEGCG)
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