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The evaluation finds that donors, recipients, and the World Bank have considerable overlapping interests here, but their interests may diverge on specific issues such as how trust fund allocation decisions are made and governed.
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The initiative was launched in Johannesburg in 2002 to encourage government and companies to work together voluntarily to promote transparency of payments and revenues in order to address the paradoxical “resource curse".
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Its mission has been to support countries in the sustainable management of their water resources through an advocacy network based on the principles of integrated water resources management (IWRM).
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The World Bank Group’s safeguards and sustainability policies were put in place to prevent or mitigate adverse impacts of its projects on people and the environment. These goals remain critical given current environmental and social trends.
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This evaluation assesses the outcomes relative to objectives of the World Bank's program in Peru.
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In this evaluation the Independent Evaluation Group (IEG) examines all the water-related projects financed by the World Bank between fiscal 1997 and the end of calendar 2007.
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Cost-benefit analysis used to be one of the World Bank’s signature issues. It helped establish the World Bank’s reputation as a knowledge bank and served to demonstrate its commitment to measuring results and ensuring accountability to taxpayers.
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Over the past year, the response to the global financial crisis has continued to dominate development and the work of international institutions, including the World Bank Group. Challenges of poverty and fragile states, environment, and climate change remain daunting.
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The World Bank Group’s safeguards and sustainability policies wereput in place to prevent or mitigate adverse impacts of its projects onpeople and the environment.