IFC in Nigeria : An Independent Country Impact Review
Independent Evaluation Group's (IEG's) country impact review (the report) examines if, from July 1998 through December 2007, International Finance Corporation (IFC): (i) successfully defined a relevant and appropriate strategy for helping...
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| Format: | Brief |
| Language: | English |
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Washington, DC
2012
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| Online Access: | http://documents.worldbank.org/curated/en/2008/10/12064499/ifc-nigeria-independent-country-impact-review http://hdl.handle.net/10986/10588 |
| Summary: | Independent Evaluation Group's
(IEG's) country impact review (the report) examines if,
from July 1998 through December 2007, International Finance
Corporation (IFC): (i) successfully defined a relevant and
appropriate strategy for helping Nigeria tackle its most
pressing needs; (ii) provided investment and advisory
services that were reflective of IFC's strategy; and
(iii) achieved positive development results. IFC's
strategies in Nigeria reflected the characteristics of
IFC's process for development of country strategies
jointly with the World Bank. These characteristics include:
(i) poor integration with IFC's main strategy and
budget process; (ii) loosely formulated country objectives
and priorities in terms of sectors and products; and (iii)
little or no resource allocation. As a result, IFC's
strategies for Nigeria have not fulfilled their purpose of
setting priorities, defining targets, and securing the
human, organizational, and other resources required. |
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