Nepal Country Assistance Evaluation, 2003–08
The FY03-08 evaluation period was one of tumultuous political turmoil, conflict, and dramatic change in Nepal; today, prospects for sustainable peace are brighter, though still fragile. In such difficult and unpredictable conditions, formulating an...
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Format: | Brief |
Language: | English |
Published: |
Washington, DC
2012
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Online Access: | http://documents.worldbank.org/curated/en/2009/05/12815138/nepal-country-assistance-evaluation-2003-08 http://hdl.handle.net/10986/10547 |
Summary: | The FY03-08 evaluation period was one of
tumultuous political turmoil, conflict, and dramatic change
in Nepal; today, prospects for sustainable peace are
brighter, though still fragile. In such difficult and
unpredictable conditions, formulating and implementing an
effective development assistance strategy and programs were
great challenges for development partners, including the
Bank. To its credit, the Bank managed to remain
constructively engaged in Nepal despite a challenging
political and security context and has achieved some
significant results on the ground. Nevertheless, the
Bank's strategy was poorly adapted to the
country's conflict situation and political instability,
and until recently (FY08) underwent little adjustment in
response to the rapidly-evolving conditions on the ground.
Looking forward, Independent Evaluation Group (IEG)
recommends that International Development Association (IDA)
introduce greater realism into its strategy and program
design and keep these flexible against a backdrop of a clear
long-term vision, applying frequent course corrections in
response to changing circumstances and consulting widely
with national stakeholders and development partners. Other
than through its existing portfolio of two hydropower
projects, International Finance Corporation (IFC) did not
make a significant contribution to Nepal's development
over most of the review period. IFC's gradual
re-engagement beginning in 2006 was successful, resulting in
two Global Trade Finance Program (GTFP) investments, an
investment in a domestic airline in 2008, a pipeline of
investment projects in the financial sector, and a
constructive dialogue with the government on the business climate. |
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