Predicting World Bank Project Outcome Ratings

A number of recent studies have empirically documented links between characteristics of World Bank projects and their ultimate outcomes as evaluated by the World Bank's Independent Evaluation Group. This paper explores the in-sample and out-of...

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Bibliographic Details
Main Authors: Geli, Patricia, Kraay, Aart, Nobakht, Hoveida
Format: Policy Research Working Paper
Language:English
en_US
Published: World Bank Group, Washington, DC 2014
Subjects:
Online Access:http://documents.worldbank.org/curated/en/2014/08/20009441/predicting-world-bank-project-outcome-ratings
http://hdl.handle.net/10986/19395
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Summary:A number of recent studies have empirically documented links between characteristics of World Bank projects and their ultimate outcomes as evaluated by the World Bank's Independent Evaluation Group. This paper explores the in-sample and out-of-sample predictive performance of empirical models relating project outcomes to project characteristics observed early in the life of a project. Such models perform better than self-assessments of project performance provided by World Bank staff during the implementation of the project. These findings are applied to the problem of predicting eventual Independent Evaluation Group ratings for currently active projects in the World Bank's portfolio.