Independent Evaluation Group2015-01-222015-01-222011978-1-60244-196-5https://hdl.handle.net/10986/21338The work of the World Bank Group (WBG) in helping reduce poverty supports four core goals at both global and country levels: expanding economic opportunities, enhancing human development, mitigating socioeconomic and environmental risks, and improving governance and public sector effectiveness. In the first half of the 2000s, developing countries made advances in these areas, leading to a significant reduction in poverty. Historically high economic growth rates as well as improvements in key aspects of human development made the difference. A series of global economic crises as well as natural disasters contributed to setbacks, while global climate change continued to threaten progress. These global shifters need to be confronted by development strategies. Improving governance and public sector effectiveness is key to reducing poverty further. The quality of public sector management also affects the WBGapos;s development effectiveness in countries. WBG-supported country program and project outcomes are lower in countries with poorer quality public sector management, suggesting a need to augment the approach and prioritize engagement in this area. Finally, WBG managementapos;s adoption of recommendations derived from evaluations has increased over time, and both management and Independent Evaluation Group (IEG) have agreed on measures to improve this process.en-USCC BY 3.0 IGOACCESS TO EDUCATIONACCESS TO FINANCEACCESS TO MARKETSACCOUNTABILITYACCOUNTINGADMINISTRATIVE REFORMADVISORY SERVICESADVISORY WORKASSET MANAGEMENTBANK FINANCINGBANK LENDINGBANK MANAGEMENTBANK PERFORMANCEBANK SUPERVISIONBANKING SECTORBANKSBASIC NEEDSBIASESBUDGETINGCAPACITY ENHANCEMENTCAPITAL BASECAPITAL FLOWSCAPITAL GROWTHCASCENTRAL BANKCIVIL SERVICECOMMODITY PRICESCOMMUNICABLE DISEASESCONFLICTS OF INTERESTCORPORATE FINANCECORPORATE GOVERNANCECORRUPTIONCOST EFFECTIVENESSCREDIBILITYCREDIT LINECREDITSDEBTDECENTRALIZATIONDECISION MAKINGDEMONSTRATION EFFECTSDEVELOPING COUNTRIESDEVELOPING COUNTRYDEVELOPMENT STRATEGIESDISASTER PREVENTIONDISBURSEMENTDISPUTE RESOLUTIONDIVERSIFICATIONECONOMIC ACTIVITIESECONOMIC COOPERATIONECONOMIC CRISESECONOMIC CRISISECONOMIC GROWTHECONOMIC OPPORTUNITIESECONOMIC POLICIESECONOMIC POLICYENABLING ENVIRONMENTENROLLMENTSENTREPRENEURSENVIRONMENTAL DEGRADATIONENVIRONMENTAL POLICIESENVIRONMENTAL SUSTAINABILITYEVALUATION RESULTSEXCESS LIQUIDITYEXERCISESEXPENDITUREEXPENDITURESEXTREME POVERTYFINANCE INITIATIVEFINANCIAL CAPACITYFINANCIAL CRISESFINANCIAL CRISISFINANCIAL INSTITUTIONFINANCIAL INSTRUMENTSFINANCIAL INTERMEDIARIESFINANCIAL MANAGEMENTFINANCIAL MARKETSFINANCIAL PRODUCTSFINANCIAL SUPPORTFINANCIAL SUSTAINABILITYFOREIGN BANKFOREIGN DIRECT INVESTMENTFUNDING SOURCESGLOBAL TRADEGOVERNMENT CAPACITYGOVERNMENT REVENUEGRANT FUNDINGGROSS DOMESTIC PRODUCTGUARANTEE AGENCYHEALTH INTERVENTIONSHOSPITALSHOST COUNTRYHUMAN DEVELOPMENTHUMAN RESOURCESICRIMPLEMENTATION COMPLETION REPORTINCOMEINFORMATION TECHNOLOGYINFRASTRUCTURE DEVELOPMENTINFRASTRUCTURE PROJECTSINSURANCEINTERNATIONAL BANKINTERNATIONAL DEVELOPMENTINTERNATIONAL FINANCEINTERNATIONAL FINANCIAL INSTITUTIONINVESTMENT CLIMATEINVESTMENT DECISIONSINVESTMENT FLOWSINVESTMENT PROJECTSISSUANCEJUSTICE SYSTEMSKEY CHALLENGELABOR MARKETLACK OF ACCESSLEARNINGLEGAL RECOURSELENDERLENDING INSTRUMENTLEPROSYLIVING STANDARDSLOANLOCAL CAPACITIESLOCAL CAPACITYLONG-TERM CAPITALMACROECONOMIC MANAGEMENTMACROECONOMIC STABILITYMARKET INFRASTRUCTUREMONITORING TOOLSMORTALITYMUNICIPAL GOVERNMENTSNATURAL DISASTERSNEW ENTRANTSNONGOVERNMENTAL ORGANIZATIONSNOW ACCOUNTSNUTRITIONOIL PRICEOIL PRICESPOLICY ENVIRONMENTSPOLITICAL ECONOMYPOLITICAL RISKPOLITICAL RISKSPOLLUTIONPORTFOLIOPORTFOLIO QUALITYPOTENTIAL INVESTMENTSPOVERTY ASSESSMENTSPOVERTY REDUCTIONPRIVATE CAPITALPRIVATE ENTERPRISEPRIVATE INVESTMENTPRIVATE INVESTMENTSPRIVATIZATIONPROGRAMSPROJECT EVALUATIONPUBLIC-PRIVATE PARTNERSHIPPUBLIC-PRIVATE PARTNERSHIPSRATE OF RETURNREAL SECTORREGULATORY FRAMEWORKRETURNSRISK MITIGATIONSAFETY NETSALES GROWTHSHORT-TERM TRADE FINANCESOCIAL FUNDSSOCIAL PERFORMANCESOCIAL SAFETY NETSSUBSIDIARIESSUPERVISION OF BANKSUSTAINABLE DEVELOPMENTSWAPSWAPSTARGETED INTERVENTIONSTAXTAX ADMINISTRATIONTECHNICAL ASSISTANCETELECOMMUNICATIONSTRANSACTIONTRANSACTION COSTSTRANSITION ECONOMIESTRANSPARENCYTRANSPORTWATER SUPPLY10.1596/978-1-60244-196-5