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Results and Performance of the World Bank Group 2012 (Paperback, New)
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Results and Performance of the World Bank Group 2012 (Paperback, New)
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The World Bank Group has made important contributions to poverty
reduction in developing countries. But to stay relevant under the
uncertain conditions that characterise today's global development
context, the Bank Group needs to enhance its capacity to help
clients cope with weak economic growth, address persistent
disparities in development progress, and manage the increasingly
global and cross-cutting nature of development solutions. The
messages in this report from the Independent Evaluation Group (IEG)
seek to help the Bank Group improve its programs and development
outcomes. Thus the primary audience is Bank Group management.
Additional audiences include other development organisations,
nongovernmental organisations, and civil society organisations that
are involved in development issues, as they also seek better
development outcomes. This report addresses IEG's work over the
last year, summarising findings from its evaluations and discussing
the trends that are revealed. In particular, as a consequence of
the Bank Group's rapid, large-scale response to the 2008-09 crisis,
the Bank's remaining capital headroom precludes a comparable
expansion should another crisis occur. In addition, the extent to
which country programmes meet their objectives has yet to reach the
performance target set in the Bank's Corporate Scorecard.
Development outcome ratings of Bank-funded investment projects, as
well as the outcome ratings for International Finance Corporation
(IFC) investments, have recently declined. IEG's findings suggest
that enhancing the quality of projects at their outset as well as
their supervision would help reverse the decline in Bank project
ratings; along the same line, improving IFC's work quality would
strengthen the results of its investments. Evaluation evidence also
underscores the importance of sustained dialogue with stakeholders
and of high-quality analytical work to sharpen the understanding of
client circumstances, which is essential for successful outcomes.
Effective development solutions require intensified efforts by the
Bank Group to work across conventional boundaries.
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