The World Bank's Country Policy and Institutional Assessment : An IEG Evaluation

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collection.link.25
https://openknowledge.worldbank.org/handle/10986/2132
collection.name.25
IEG Independent Evaluations & Annual Reviews
dc.contributor.author
Independent Evaluation Group
dc.date.accessioned
2013-05-24T20:43:20Z
dc.date.available
2013-05-24T20:43:20Z
dc.date.issued
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.identifier.uri
http://hdl.handle.net/10986/13547
dc.language.iso
en_US
dc.publisher
Washington, DC: World Bank
dc.rights
CC BY 3.0 IGO
dc.rights.holder
World Bank
dc.rights.uri
http://creativecommons.org/licenses/by/3.0/igo
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
okr.date.disclosure
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.googlescholar.linkpresent
yes
okr.identifier.doi
10.1596/978-0-8213-8427-5
okr.identifier.report
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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