Brazil Country Program Evaluation, FY2004-11 : Evaluation of the World Bank Group Program

This country program evaluation (CPE) evaluates World Bank Group (International Bank for Reconstruction and Development (IBRD), or the Bank, International Finance Corporation (IFC), and Multilateral Investment Guarantee Agency (MIGA) operations in...

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Main Author:	Independent Evaluation Group
Format:	Publication
Language:	English en_US
Published:	Washington, DC: World Bank 2014
Subjects:	ACCESS TO CREDIT ACCESS TO EDUCATION ACCESS TO FINANCING ACCESS TO MARKETS ADVISORY SERVICE ADVISORY SERVICES ADVISORY WORK AFFORDABILITY BALANCE SHEET BANK FINANCING BANK LENDING BANKS BASIS POINTS BOND INDEX BONDS BORROWER BORROWING BUDGET MANAGEMENT CADASTRE CADASTRES CAPITAL FLOW CAPITAL FLOWS CAPITAL INFLOW CAPITAL INVESTMENT CASH TRANSFER CC CHILD DEVELOPMENT CIVIL SERVICE CLIMATE CHANGE COLLECTIVE ACTION COMPARATIVE ADVANTAGE CONSOLIDATION CORPORATE INSOLVENCY CREDIT MARKETS CREDIT PROGRAMS CREDIT RATINGS CREDITWORTHINESS DEBT DECENTRALIZATION DEFORESTATION DEMONSTRATION EFFECTS DEVELOPMENT BANK DIRECT CREDIT DIRECT INVESTMENTS DIRECTED CREDIT DISBURSEMENT DURABLE EARLY CHILDHOOD ECONOMIC ACTIVITIES ECONOMIC CONDITIONS ECONOMIC CRISIS ECONOMIC GROWTH ECONOMIC POLICY ECONOMIC REFORM ECONOMICS ELIGIBILITY CRITERIA EMERGING MARKET EMERGING MARKET BOND EMERGING MARKETS ENABLING ENVIRONMENT ENABLING ENVIRONMENTS ENROLLMENT ENVIRONMENTAL ENVIRONMENTAL ISSUES ENVIRONMENTAL MANAGEMENT ENVIRONMENTAL PROTECTION ENVIRONMENTAL SUSTAINABILITY ENVIRONMENTS EQUITABLE ACCESS EQUITY FINANCING EQUITY INVESTMENT EQUITY LOAN EXCHANGE RATE EXPENDITURE EXTERNALITIES EXTREME POVERTY FAMILIES FARMER FINANCIAL ASSISTANCE FINANCIAL CRISIS FINANCIAL INTERMEDIATION FINANCIAL MARKET FINANCIAL MARKETS FINANCIAL SECTOR ASSESSMENT FINANCIAL SUPPORT FINANCIAL SUSTAINABILITY FISCAL DISCIPLINE FISCAL FEDERALISM FISCAL POLICIES FISCAL REFORM FISCAL REFORM PROGRAMS FLEXIBLE EXCHANGE RATE FOREIGN CURRENCIES FOREIGN CURRENCY FOREIGN EXCHANGE FOREIGN INVESTOR FORESTRY GENDER GENDER DIFFERENCES GLOBAL CAPITAL GLOBAL TRADE GOVERNMENT EXPENDITURES GOVERNMENT OWNERSHIP GROSS DOMESTIC PRODUCT GUARANTEE AGENCY HIGH INTEREST RATES HOUSEHOLDS HOUSING HUMAN CAPITAL HUMAN CAPITAL DEVELOPMENT HUMAN DEVELOPMENT INCOME GROUPS INCOME INEQUALITY INDEBTEDNESS INEQUALITIES INEQUALITY INFLATION INFRASTRUCTURE INVESTMENT INFRASTRUCTURE INVESTMENTS INSTITUTIONAL CAPACITY INSTITUTIONAL DEVELOPMENT INSTITUTIONAL REFORMS INSTRUMENT INTEREST RATES INTERNATIONAL BANK INTERNATIONAL CAPITAL INTERNATIONAL FINANCE INTERNATIONAL FINANCIAL MARKETS INTERNATIONAL FINANCIAL STATISTICS INVESTMENT OPPORTUNITIES INVESTMENT SPENDING INVESTOR CONFIDENCE LAND REFORM LANDHOLDERS LAWS LENDING INSTRUMENT LOAN LOAN FUND LOAN SIZE LOCAL GOVERNMENTS LONG-TERM INVESTMENTS LONG-TERM LOAN MACROECONOMIC STABILITY MACROECONOMIC STABILIZATION MARKET STRUCTURE MASS TRANSIT MONETARY FUND MONETARY POLICY MUNICIPAL DEVELOPMENT MUNICIPALITIES NATIONAL BANK NATURAL CAPITAL NATURAL RESOURCES NUTRITION OPPORTUNITY COST OUTREACH OUTSTANDING BALANCE PENSION PENSION REFORM PENSION REFORMS POLICY MAKERS POLITICAL RISK POLLUTION PORTFOLIO POSITIVE EXTERNALITIES PREPAYMENT PRIVATE CREDIT PRIVATE INVESTMENT PRIVATE INVESTMENTS PRODUCTIVITY PUBLIC AGENCIES PUBLIC DEBT PUBLIC EXPENDITURES PUBLIC FINANCES PUBLIC GOOD PUBLIC GOODS PUBLIC INVESTMENT PUBLIC INVESTMENTS PUBLIC POLICIES PUBLIC SERVICES PUBLIC SPENDING PUBLIC-PRIVATE PARTNERSHIP PUBLIC-PRIVATE PARTNERSHIPS RECESSION REGULATORY CONSTRAINTS REGULATORY FRAMEWORK REGULATORY FRAMEWORKS RESERVE RESOURCE ALLOCATION RESOURCE MANAGEMENT RISK OF DEFAULT RURAL COMMUNITIES SAFETY NET SAVINGS SAVINGS RATES SHORT-TERM TRADE FINANCE SOCIAL DEVELOPMENT SOCIAL EXCLUSION SOCIAL SERVICES STATE BANKS SUBNATIONAL GOVERNMENTS SUSTAINABLE DEVELOPMENT SUSTAINABLE USE SWAP SWAPS TAX TAX ADMINISTRATION TAX BURDEN TAXATION TECHNICAL ASSISTANCE TERM CREDIT TRADE CREDIT TRADE REGIME TRADEOFFS TRANSPORT TRUST FUND TRUST FUNDS URBAN DEVELOPMENT URBANIZATION WATER SUPPLY
Online Access:	http://documents.worldbank.org/curated/en/2014/10/20352049/brazil-country-program-evaluation-fy2004-11-evaluation-world-bank-group-program http://hdl.handle.net/10986/20523

id	okr-10986-20523
recordtype	oai_dc
repository_type	Digital Repository
institution_category	Foreign Institution
institution	Digital Repositories
building	World Bank Open Knowledge Repository
collection	World Bank
language	English en_US
topic	ACCESS TO CREDIT ACCESS TO EDUCATION ACCESS TO FINANCING ACCESS TO MARKETS ADVISORY SERVICE ADVISORY SERVICES ADVISORY WORK AFFORDABILITY BALANCE SHEET BANK FINANCING BANK LENDING BANKS BASIS POINTS BOND INDEX BONDS BORROWER BORROWING BUDGET MANAGEMENT CADASTRE CADASTRES CAPITAL FLOW CAPITAL FLOWS CAPITAL INFLOW CAPITAL INVESTMENT CASH TRANSFER CC CHILD DEVELOPMENT CIVIL SERVICE CLIMATE CHANGE COLLECTIVE ACTION COMPARATIVE ADVANTAGE CONSOLIDATION CORPORATE INSOLVENCY CREDIT MARKETS CREDIT PROGRAMS CREDIT RATINGS CREDITWORTHINESS DEBT DECENTRALIZATION DEFORESTATION DEMONSTRATION EFFECTS DEVELOPMENT BANK DIRECT CREDIT DIRECT INVESTMENTS DIRECTED CREDIT DISBURSEMENT DURABLE EARLY CHILDHOOD ECONOMIC ACTIVITIES ECONOMIC CONDITIONS ECONOMIC CRISIS ECONOMIC GROWTH ECONOMIC POLICY ECONOMIC REFORM ECONOMICS ELIGIBILITY CRITERIA EMERGING MARKET EMERGING MARKET BOND EMERGING MARKETS ENABLING ENVIRONMENT ENABLING ENVIRONMENTS ENROLLMENT ENVIRONMENTAL ENVIRONMENTAL ISSUES ENVIRONMENTAL MANAGEMENT ENVIRONMENTAL PROTECTION ENVIRONMENTAL SUSTAINABILITY ENVIRONMENTS EQUITABLE ACCESS EQUITY FINANCING EQUITY INVESTMENT EQUITY LOAN EXCHANGE RATE EXPENDITURE EXTERNALITIES EXTREME POVERTY FAMILIES FARMER FINANCIAL ASSISTANCE FINANCIAL CRISIS FINANCIAL INTERMEDIATION FINANCIAL MARKET FINANCIAL MARKETS FINANCIAL SECTOR ASSESSMENT FINANCIAL SUPPORT FINANCIAL SUSTAINABILITY FISCAL DISCIPLINE FISCAL FEDERALISM FISCAL POLICIES FISCAL REFORM FISCAL REFORM PROGRAMS FLEXIBLE EXCHANGE RATE FOREIGN CURRENCIES FOREIGN CURRENCY FOREIGN EXCHANGE FOREIGN INVESTOR FORESTRY GENDER GENDER DIFFERENCES GLOBAL CAPITAL GLOBAL TRADE GOVERNMENT EXPENDITURES GOVERNMENT OWNERSHIP GROSS DOMESTIC PRODUCT GUARANTEE AGENCY HIGH INTEREST RATES HOUSEHOLDS HOUSING HUMAN CAPITAL HUMAN CAPITAL DEVELOPMENT HUMAN DEVELOPMENT INCOME GROUPS INCOME INEQUALITY INDEBTEDNESS INEQUALITIES INEQUALITY INFLATION INFRASTRUCTURE INVESTMENT INFRASTRUCTURE INVESTMENTS INSTITUTIONAL CAPACITY INSTITUTIONAL DEVELOPMENT INSTITUTIONAL REFORMS INSTRUMENT INTEREST RATES INTERNATIONAL BANK INTERNATIONAL CAPITAL INTERNATIONAL FINANCE INTERNATIONAL FINANCIAL MARKETS INTERNATIONAL FINANCIAL STATISTICS INVESTMENT OPPORTUNITIES INVESTMENT SPENDING INVESTOR CONFIDENCE LAND REFORM LANDHOLDERS LAWS LENDING INSTRUMENT LOAN LOAN FUND LOAN SIZE LOCAL GOVERNMENTS LONG-TERM INVESTMENTS LONG-TERM LOAN MACROECONOMIC STABILITY MACROECONOMIC STABILIZATION MARKET STRUCTURE MASS TRANSIT MONETARY FUND MONETARY POLICY MUNICIPAL DEVELOPMENT MUNICIPALITIES NATIONAL BANK NATURAL CAPITAL NATURAL RESOURCES NUTRITION OPPORTUNITY COST OUTREACH OUTSTANDING BALANCE PENSION PENSION REFORM PENSION REFORMS POLICY MAKERS POLITICAL RISK POLLUTION PORTFOLIO POSITIVE EXTERNALITIES PREPAYMENT PRIVATE CREDIT PRIVATE INVESTMENT PRIVATE INVESTMENTS PRODUCTIVITY PUBLIC AGENCIES PUBLIC DEBT PUBLIC EXPENDITURES PUBLIC FINANCES PUBLIC GOOD PUBLIC GOODS PUBLIC INVESTMENT PUBLIC INVESTMENTS PUBLIC POLICIES PUBLIC SERVICES PUBLIC SPENDING PUBLIC-PRIVATE PARTNERSHIP PUBLIC-PRIVATE PARTNERSHIPS RECESSION REGULATORY CONSTRAINTS REGULATORY FRAMEWORK REGULATORY FRAMEWORKS RESERVE RESOURCE ALLOCATION RESOURCE MANAGEMENT RISK OF DEFAULT RURAL COMMUNITIES SAFETY NET SAVINGS SAVINGS RATES SHORT-TERM TRADE FINANCE SOCIAL DEVELOPMENT SOCIAL EXCLUSION SOCIAL SERVICES STATE BANKS SUBNATIONAL GOVERNMENTS SUSTAINABLE DEVELOPMENT SUSTAINABLE USE SWAP SWAPS TAX TAX ADMINISTRATION TAX BURDEN TAXATION TECHNICAL ASSISTANCE TERM CREDIT TRADE CREDIT TRADE REGIME TRADEOFFS TRANSPORT TRUST FUND TRUST FUNDS URBAN DEVELOPMENT URBANIZATION WATER SUPPLY
spellingShingle	ACCESS TO CREDIT ACCESS TO EDUCATION ACCESS TO FINANCING ACCESS TO MARKETS ADVISORY SERVICE ADVISORY SERVICES ADVISORY WORK AFFORDABILITY BALANCE SHEET BANK FINANCING BANK LENDING BANKS BASIS POINTS BOND INDEX BONDS BORROWER BORROWING BUDGET MANAGEMENT CADASTRE CADASTRES CAPITAL FLOW CAPITAL FLOWS CAPITAL INFLOW CAPITAL INVESTMENT CASH TRANSFER CC CHILD DEVELOPMENT CIVIL SERVICE CLIMATE CHANGE COLLECTIVE ACTION COMPARATIVE ADVANTAGE CONSOLIDATION CORPORATE INSOLVENCY CREDIT MARKETS CREDIT PROGRAMS CREDIT RATINGS CREDITWORTHINESS DEBT DECENTRALIZATION DEFORESTATION DEMONSTRATION EFFECTS DEVELOPMENT BANK DIRECT CREDIT DIRECT INVESTMENTS DIRECTED CREDIT DISBURSEMENT DURABLE EARLY CHILDHOOD ECONOMIC ACTIVITIES ECONOMIC CONDITIONS ECONOMIC CRISIS ECONOMIC GROWTH ECONOMIC POLICY ECONOMIC REFORM ECONOMICS ELIGIBILITY CRITERIA EMERGING MARKET EMERGING MARKET BOND EMERGING MARKETS ENABLING ENVIRONMENT ENABLING ENVIRONMENTS ENROLLMENT ENVIRONMENTAL ENVIRONMENTAL ISSUES ENVIRONMENTAL MANAGEMENT ENVIRONMENTAL PROTECTION ENVIRONMENTAL SUSTAINABILITY ENVIRONMENTS EQUITABLE ACCESS EQUITY FINANCING EQUITY INVESTMENT EQUITY LOAN EXCHANGE RATE EXPENDITURE EXTERNALITIES EXTREME POVERTY FAMILIES FARMER FINANCIAL ASSISTANCE FINANCIAL CRISIS FINANCIAL INTERMEDIATION FINANCIAL MARKET FINANCIAL MARKETS FINANCIAL SECTOR ASSESSMENT FINANCIAL SUPPORT FINANCIAL SUSTAINABILITY FISCAL DISCIPLINE FISCAL FEDERALISM FISCAL POLICIES FISCAL REFORM FISCAL REFORM PROGRAMS FLEXIBLE EXCHANGE RATE FOREIGN CURRENCIES FOREIGN CURRENCY FOREIGN EXCHANGE FOREIGN INVESTOR FORESTRY GENDER GENDER DIFFERENCES GLOBAL CAPITAL GLOBAL TRADE GOVERNMENT EXPENDITURES GOVERNMENT OWNERSHIP GROSS DOMESTIC PRODUCT GUARANTEE AGENCY HIGH INTEREST RATES HOUSEHOLDS HOUSING HUMAN CAPITAL HUMAN CAPITAL DEVELOPMENT HUMAN DEVELOPMENT INCOME GROUPS INCOME INEQUALITY INDEBTEDNESS INEQUALITIES INEQUALITY INFLATION INFRASTRUCTURE INVESTMENT INFRASTRUCTURE INVESTMENTS INSTITUTIONAL CAPACITY INSTITUTIONAL DEVELOPMENT INSTITUTIONAL REFORMS INSTRUMENT INTEREST RATES INTERNATIONAL BANK INTERNATIONAL CAPITAL INTERNATIONAL FINANCE INTERNATIONAL FINANCIAL MARKETS INTERNATIONAL FINANCIAL STATISTICS INVESTMENT OPPORTUNITIES INVESTMENT SPENDING INVESTOR CONFIDENCE LAND REFORM LANDHOLDERS LAWS LENDING INSTRUMENT LOAN LOAN FUND LOAN SIZE LOCAL GOVERNMENTS LONG-TERM INVESTMENTS LONG-TERM LOAN MACROECONOMIC STABILITY MACROECONOMIC STABILIZATION MARKET STRUCTURE MASS TRANSIT MONETARY FUND MONETARY POLICY MUNICIPAL DEVELOPMENT MUNICIPALITIES NATIONAL BANK NATURAL CAPITAL NATURAL RESOURCES NUTRITION OPPORTUNITY COST OUTREACH OUTSTANDING BALANCE PENSION PENSION REFORM PENSION REFORMS POLICY MAKERS POLITICAL RISK POLLUTION PORTFOLIO POSITIVE EXTERNALITIES PREPAYMENT PRIVATE CREDIT PRIVATE INVESTMENT PRIVATE INVESTMENTS PRODUCTIVITY PUBLIC AGENCIES PUBLIC DEBT PUBLIC EXPENDITURES PUBLIC FINANCES PUBLIC GOOD PUBLIC GOODS PUBLIC INVESTMENT PUBLIC INVESTMENTS PUBLIC POLICIES PUBLIC SERVICES PUBLIC SPENDING PUBLIC-PRIVATE PARTNERSHIP PUBLIC-PRIVATE PARTNERSHIPS RECESSION REGULATORY CONSTRAINTS REGULATORY FRAMEWORK REGULATORY FRAMEWORKS RESERVE RESOURCE ALLOCATION RESOURCE MANAGEMENT RISK OF DEFAULT RURAL COMMUNITIES SAFETY NET SAVINGS SAVINGS RATES SHORT-TERM TRADE FINANCE SOCIAL DEVELOPMENT SOCIAL EXCLUSION SOCIAL SERVICES STATE BANKS SUBNATIONAL GOVERNMENTS SUSTAINABLE DEVELOPMENT SUSTAINABLE USE SWAP SWAPS TAX TAX ADMINISTRATION TAX BURDEN TAXATION TECHNICAL ASSISTANCE TERM CREDIT TRADE CREDIT TRADE REGIME TRADEOFFS TRANSPORT TRUST FUND TRUST FUNDS URBAN DEVELOPMENT URBANIZATION WATER SUPPLY Independent Evaluation Group Brazil Country Program Evaluation, FY2004-11 : Evaluation of the World Bank Group Program
geographic_facet	Latin America & Caribbean Brazil
description	This country program evaluation (CPE) evaluates World Bank Group (International Bank for Reconstruction and Development (IBRD), or the Bank, International Finance Corporation (IFC), and Multilateral Investment Guarantee Agency (MIGA) operations in Brazil from FY2004 through FY2011. It seeks to answer two questions: to what extent was the Bank Group program relevant to Brazil's development needs?, and how effective were Bank Group operations in helping to accelerate economic growth and making growth more inclusive and environmentally sustainable? The period reviewed was covered by two country strategies, one for FY2004-07 and the other for FY2008-11. The evaluation comments on aspects of the country partnership strategy (CPS) FY2012-15 with particular reference to its relevance and design. The report aims to extract lessons relevant to future Bank Group operations in Brazil. The study also examines the synergies between lending and knowledge services and the effectiveness of collaboration within the Bank Group and with external development partners. This report has five chapters. Chapter one gives purpose and country context. Chapter two summarizes the Bank Group operations and examines trends and patterns during the evaluation period. Chapters three and four assess the relevance and contributions of these operations to the objectives stated in the country strategies. The concluding chapter draws lessons and recommendations for the Bank Group's future engagement in Brazil.
format	Publications & Research :: Publication
author	Independent Evaluation Group
author_facet	Independent Evaluation Group
author_sort	Independent Evaluation Group
title	Brazil Country Program Evaluation, FY2004-11 : Evaluation of the World Bank Group Program
title_short	Brazil Country Program Evaluation, FY2004-11 : Evaluation of the World Bank Group Program
title_full	Brazil Country Program Evaluation, FY2004-11 : Evaluation of the World Bank Group Program
title_fullStr	Brazil Country Program Evaluation, FY2004-11 : Evaluation of the World Bank Group Program
title_full_unstemmed	Brazil Country Program Evaluation, FY2004-11 : Evaluation of the World Bank Group Program
title_sort	brazil country program evaluation, fy2004-11 : evaluation of the world bank group program
publisher	Washington, DC: World Bank
publishDate	2014
url	http://documents.worldbank.org/curated/en/2014/10/20352049/brazil-country-program-evaluation-fy2004-11-evaluation-world-bank-group-program http://hdl.handle.net/10986/20523
_version_	1764445617104355328
spelling	okr-10986-205232021-04-23T14:03:56Z Brazil Country Program Evaluation, FY2004-11 : Evaluation of the World Bank Group Program Independent Evaluation Group ACCESS TO CREDIT ACCESS TO EDUCATION ACCESS TO FINANCING ACCESS TO MARKETS ADVISORY SERVICE ADVISORY SERVICES ADVISORY WORK AFFORDABILITY BALANCE SHEET BANK FINANCING BANK LENDING BANKS BASIS POINTS BOND INDEX BONDS BORROWER BORROWING BUDGET MANAGEMENT CADASTRE CADASTRES CAPITAL FLOW CAPITAL FLOWS CAPITAL INFLOW CAPITAL INVESTMENT CASH TRANSFER CC CHILD DEVELOPMENT CIVIL SERVICE CLIMATE CHANGE COLLECTIVE ACTION COMPARATIVE ADVANTAGE CONSOLIDATION CORPORATE INSOLVENCY CREDIT MARKETS CREDIT PROGRAMS CREDIT RATINGS CREDITWORTHINESS DEBT DECENTRALIZATION DEFORESTATION DEMONSTRATION EFFECTS DEVELOPMENT BANK DIRECT CREDIT DIRECT INVESTMENTS DIRECTED CREDIT DISBURSEMENT DURABLE EARLY CHILDHOOD ECONOMIC ACTIVITIES ECONOMIC CONDITIONS ECONOMIC CRISIS ECONOMIC GROWTH ECONOMIC POLICY ECONOMIC REFORM ECONOMICS ELIGIBILITY CRITERIA EMERGING MARKET EMERGING MARKET BOND EMERGING MARKETS ENABLING ENVIRONMENT ENABLING ENVIRONMENTS ENROLLMENT ENVIRONMENTAL ENVIRONMENTAL ISSUES ENVIRONMENTAL MANAGEMENT ENVIRONMENTAL PROTECTION ENVIRONMENTAL SUSTAINABILITY ENVIRONMENTS EQUITABLE ACCESS EQUITY FINANCING EQUITY INVESTMENT EQUITY LOAN EXCHANGE RATE EXPENDITURE EXTERNALITIES EXTREME POVERTY FAMILIES FARMER FINANCIAL ASSISTANCE FINANCIAL CRISIS FINANCIAL INTERMEDIATION FINANCIAL MARKET FINANCIAL MARKETS FINANCIAL SECTOR ASSESSMENT FINANCIAL SUPPORT FINANCIAL SUSTAINABILITY FISCAL DISCIPLINE FISCAL FEDERALISM FISCAL POLICIES FISCAL REFORM FISCAL REFORM PROGRAMS FLEXIBLE EXCHANGE RATE FOREIGN CURRENCIES FOREIGN CURRENCY FOREIGN EXCHANGE FOREIGN INVESTOR FORESTRY GENDER GENDER DIFFERENCES GLOBAL CAPITAL GLOBAL TRADE GOVERNMENT EXPENDITURES GOVERNMENT OWNERSHIP GROSS DOMESTIC PRODUCT GUARANTEE AGENCY HIGH INTEREST RATES HOUSEHOLDS HOUSING HUMAN CAPITAL HUMAN CAPITAL DEVELOPMENT HUMAN DEVELOPMENT INCOME GROUPS INCOME INEQUALITY INDEBTEDNESS INEQUALITIES INEQUALITY INFLATION INFRASTRUCTURE INVESTMENT INFRASTRUCTURE INVESTMENTS INSTITUTIONAL CAPACITY INSTITUTIONAL DEVELOPMENT INSTITUTIONAL REFORMS INSTRUMENT INTEREST RATES INTERNATIONAL BANK INTERNATIONAL CAPITAL INTERNATIONAL FINANCE INTERNATIONAL FINANCIAL MARKETS INTERNATIONAL FINANCIAL STATISTICS INVESTMENT OPPORTUNITIES INVESTMENT SPENDING INVESTOR CONFIDENCE LAND REFORM LANDHOLDERS LAWS LENDING INSTRUMENT LOAN LOAN FUND LOAN SIZE LOCAL GOVERNMENTS LONG-TERM INVESTMENTS LONG-TERM LOAN MACROECONOMIC STABILITY MACROECONOMIC STABILIZATION MARKET STRUCTURE MASS TRANSIT MONETARY FUND MONETARY POLICY MUNICIPAL DEVELOPMENT MUNICIPALITIES NATIONAL BANK NATURAL CAPITAL NATURAL RESOURCES NUTRITION OPPORTUNITY COST OUTREACH OUTSTANDING BALANCE PENSION PENSION REFORM PENSION REFORMS POLICY MAKERS POLITICAL RISK POLLUTION PORTFOLIO POSITIVE EXTERNALITIES PREPAYMENT PRIVATE CREDIT PRIVATE INVESTMENT PRIVATE INVESTMENTS PRODUCTIVITY PUBLIC AGENCIES PUBLIC DEBT PUBLIC EXPENDITURES PUBLIC FINANCES PUBLIC GOOD PUBLIC GOODS PUBLIC INVESTMENT PUBLIC INVESTMENTS PUBLIC POLICIES PUBLIC SERVICES PUBLIC SPENDING PUBLIC-PRIVATE PARTNERSHIP PUBLIC-PRIVATE PARTNERSHIPS RECESSION REGULATORY CONSTRAINTS REGULATORY FRAMEWORK REGULATORY FRAMEWORKS RESERVE RESOURCE ALLOCATION RESOURCE MANAGEMENT RISK OF DEFAULT RURAL COMMUNITIES SAFETY NET SAVINGS SAVINGS RATES SHORT-TERM TRADE FINANCE SOCIAL DEVELOPMENT SOCIAL EXCLUSION SOCIAL SERVICES STATE BANKS SUBNATIONAL GOVERNMENTS SUSTAINABLE DEVELOPMENT SUSTAINABLE USE SWAP SWAPS TAX TAX ADMINISTRATION TAX BURDEN TAXATION TECHNICAL ASSISTANCE TERM CREDIT TRADE CREDIT TRADE REGIME TRADEOFFS TRANSPORT TRUST FUND TRUST FUNDS URBAN DEVELOPMENT URBANIZATION WATER SUPPLY This country program evaluation (CPE) evaluates World Bank Group (International Bank for Reconstruction and Development (IBRD), or the Bank, International Finance Corporation (IFC), and Multilateral Investment Guarantee Agency (MIGA) operations in Brazil from FY2004 through FY2011. It seeks to answer two questions: to what extent was the Bank Group program relevant to Brazil's development needs?, and how effective were Bank Group operations in helping to accelerate economic growth and making growth more inclusive and environmentally sustainable? The period reviewed was covered by two country strategies, one for FY2004-07 and the other for FY2008-11. The evaluation comments on aspects of the country partnership strategy (CPS) FY2012-15 with particular reference to its relevance and design. The report aims to extract lessons relevant to future Bank Group operations in Brazil. The study also examines the synergies between lending and knowledge services and the effectiveness of collaboration within the Bank Group and with external development partners. This report has five chapters. Chapter one gives purpose and country context. Chapter two summarizes the Bank Group operations and examines trends and patterns during the evaluation period. Chapters three and four assess the relevance and contributions of these operations to the objectives stated in the country strategies. The concluding chapter draws lessons and recommendations for the Bank Group's future engagement in Brazil. 2014-11-12T22:45:48Z 2014-11-12T22:45:48Z 2014-10-27 http://documents.worldbank.org/curated/en/2014/10/20352049/brazil-country-program-evaluation-fy2004-11-evaluation-world-bank-group-program 978-1-4648-0216-4 http://hdl.handle.net/10986/20523 English en_US CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo/ Washington, DC: World Bank Publications & Research :: Publication Latin America & Caribbean Brazil

Brazil Country Program Evaluation, FY2004-11 : Evaluation of the World Bank Group Program

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