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In 2008–10, 85 percent of operations broadly aimed to help expand economic opportunities. Evaluations of past interventions show relatively high effectiveness in these areas. However, policy environments need further improvement, and sustainability of public infrastructure needs to be ensured.
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This paper focuses on such overlooked, but vital, dimensions, drawing from IEG's work and other development evaluations.
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IFC’s interventions are designed to contribute to growth, although it has been challenging for the Corporation to integrate distributional aspects in projects. Fewer than half the projects reviewed included evidence of poverty and distributional aspects in project design.
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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.
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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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Results and Performance of the World Bank GroupVolume II: Management Action Records for World Bank, IFC, and MIGA
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“This approach has several purposes: building greater knowledge, confidence and use of evaluation systems by management, governing bodies and others; providing a suitable way of ‘evaluating the evaluators’; sharing good practice, experience and mutual learning.”