Publication: Results and Performance of the World Bank Group 2021
Date
2021-12-23
ISSN
Published
2021-12-23
Author(s)
Independent Evaluation Group
Abstract
IEG’s Results and Performance of the
World Bank Group 2021 report, also known as RAP 2021,
assesses the World Bank Group’s performance by analyzing the
achievement of project and program objectives through
validated ratings. The World Bank’s outcome ratings steadily
improved from FY10 onward and increased by an impressive 9
percentage points in FY20. The largest annual increase over
the past five years. IFC’s development outcome ratings
increased for the first time in 10 years in all the industry
groups and MIGA’s continued to increase, as has been the
case over the past decade. The RAP 2021 carries out an
in-depth analysis of recent trends, for both the World Bank
and the International Finance Corporation, to identify
possible drivers behind the increase in project outcome
ratings. The report also presents a novel analysis to
measure the extent to which the World Bank either repeats
project designs or introduces novelty to successor projects.
This allowed IEG to detect when teams took informed risk and
introduced new elements in projects and assess the effect of
this behavior on outcome ratings. The report also analyzes
the World Bank’s selection of indicators and use of targets
to understand how measurement practices affect ratings and
performance. Results point to the need to complement project
ratings data with associated evidence of outcomes achieved
in client countries, which supports the centrality of the
outcome orientation agenda.
Citation
“Independent Evaluation Group. 2021. Results and Performance of the World Bank Group 2021. © World Bank, Washington, DC. http://hdl.handle.net/10986/36788 License: CC BY 3.0 IGO.”