1.

Record Nr.

UNINA9910451943603321

Titolo

Independent evaluation of IFC's development results 2007 [[electronic resource] ] : lessons and implications from 10 years of experience / / Independent Evaluation Group

Pubbl/distr/stampa

Washington, D.C., : International Finance Corp., 2007

ISBN

1-281-11324-7

9786611113247

0-8213-7265-3

Descrizione fisica

1 online resource (117 p.)

Altri autori (Persone)

CrabtreeDan

HatashimaHiroyuki

Disciplina

332.1/532

338.91091724

Soggetti

Economic development projects - Evaluation

Electronic books.

Lingua di pubblicazione

Inglese

Formato

Materiale a stampa

Livello bibliografico

Monografia

Note generali

"This report was prepared by a team led by Dan Crabtree and Hiroyuki Hatashima"--P. ix.

Nota di bibliografia

Includes bibliographical references.

Nota di contenuto

Contents; Abbreviations; Acknowledgments; Foreword; Avant-propos; Prólogo; Executive Summary; Résumé analytique; Resumen; IFC Management Response to IEG-IFC; Chairperson's Summary: Committee on Development Effectiveness (CODE); 1 Development Results of IFC-Supported Projects, 1996-2006; Figure 1.1 IFC Has Increased Its Private Investment Operations Sixfold since 1991; Table 1.1 IFC Is More Concentrated Than Other Private Capital in Frontier Countries; Box 1.1 IEG Independently Rates the Development and Investment Performance of IFC Operations

Box 1.2 Examples of Successful and Less Successful IFC Projects Figure 1.2 IFC Operations Can Help Reduce Poverty through a Chain of Events; Table 1.2 Most IFC-Supported Projects Achieved High Development Ratings, 1996-2006; Figure 1.3 Trends in Project Development Performance, 1996-2006; Figure 1.4 Projects with More High-Risk Factors Achieve Lower Development Ratings; Figure 1.5 Reduced Business Climate Risk Implies Higher Development Ratings in 2007;



Figure 1.6 IFC-Supported Projects Show No Trade-off between Development Results and IFC Investment Returns

Table 1.3 More Loan Than Equity Operations Achieved High Investment Ratings Box 1.3 IFC Is Deepening Its Development Results Measurement but Methodological Challenges Remain; Box 1.4 IFC and World Bank Development Results Are Generally Not Comparable; Figure 1.7 EBRD and IFC Achieved Similar Development Ratings on One Subindicator; 2 Lessons from 10 Years of Private Sector Development Evaluation; Figure 2.1 Much Riskier Business Climates in Africa, with Some Improvement since 2003; Figure 2.2 Much Lower Private Investment in Africa Than Elsewhere

Table 2.1 IFC Success Rates Are Significantly Better Where Country Business Climate Risk Is Improving, or Not Deteriorating Figure 2.3 IFC Development Ratings Varied Considerably by Industry Department; Box 2.1 Examples of IFC Transport Investments in Brazil; Table 2.2 IFC Project Development Results Improve Significantly with the Presence of a High-Quality Sponsor; Table 2.3 Product Market Risk Has a Strong Influence on IFC Project Development Results; Box 2.2 IEG Evaluates IFC Work Quality across Three Underlying Indicators

Box 2.3 IFC Faced Considerable Challenges Pursuing Sustainable PSD in Africa Figure 2.4 Supervision Quality Has Improved since 2001, Reflecting Several Quality Enhancement Steps; Table 2.4 Good Quality Supervision Cannot Compensate Fully for Weak Appraisal Quality; Figure 2.5 IFC Is Increasing Its Provision of Local Currency Financing; Table 2.5 Evaluation Findings Have Provided a Basis for Better IFC Results in Three Main Areas; 3 Strategic Implications for IFC; Figure 3.1 Many Nonfrontier Countries Are as Lacking in Banking Capacity as Frontier Countries

Table 3.1 IFC's Financial Sector Development Success Rates Are Lower Where Banking Capacity Is Weak

Sommario/riassunto

As part of the World Bank Group, IFC's overriding objective is to help reduce poverty and support sustainable development in developing countries. IFC pursues this mission by supporting the private sector to create jobs and simulate markets. This report, which assesses the impact of IFC toward that mission, appears at a time of unprecedented levels of private investment in the emerging markets. The report takes a look back at the development results that the IFC-supported projects have achieved in the last 10 years, the main lessons that have emerged at the project level and the strategic