Publication: ‛Creating Markets’ to Leverage the Private Sector for Sustainable Development and Growth: An Evaluation of the World Bank Group’s Experience Through 16 Case Studies
Date
2019-04-26
ISSN
Published
2019-04-26
Author(s)
Independent Evaluation Group
Abstract
The international development community
acknowledges that the SDGs will not be achieved without
greater participation from the private sector. Estimates for
investment needs in developing countries alone range from
$3.3 trillion to $4.5 trillion per year. Up to 70 percent of
the investment gap could come from the private sector,
according to international estimates. Engaging the private
sector as a financier, operator, service provider, or
innovator in the pursuit of the SDGs requires efficiently
functioning and competitive markets and effective
governments. Such markets only emerge when there is a
sufficiently conducive enabling environment that not only
addresses market failures through policy reform but also
improving underperforming markets through demonstration
effects, enhancing competition, innovation, integration and
enhancing skills through investments and advisory services.
This evaluation was designed to shed light on several key
aspects of the IFC’s creating markets agenda and experience
on the ground. Those key aspects include the following: (i)
Identification of market creating opportunities; (ii)
Channels through which IFC contributes to market creation;
(iii) Results from IFC’s market creating interventions; and
(iv) Success factors driving the Bank Group’s market
creation results.
Citation
“Independent Evaluation Group. 2019. ‛Creating Markets’ to Leverage the Private Sector for Sustainable Development and Growth; ‛Creating Markets’ to Leverage the Private Sector for Sustainable Development and Growth : An Evaluation of the World Bank Group’s Experience Through 16 Case Studies. © World Bank, Washington, DC. http://openknowledge.worldbank.org/handle/10986/32078 License: CC BY 3.0 IGO.”