Past and Future Bank-IFC Cooperation at the Country Strategy Level
The needs of World Bank Group (WBG) clients have been changing with the private sector increasingly becoming the engine of growth, and the governments attention shifting from public projects to dealing with the growing private sector: regulating i...
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| Format: | Report |
| Language: | English en_US |
| Published: |
World Bank, Washington, DC
2015
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| Subjects: | |
| Online Access: | http://documents.worldbank.org/curated/en/2015/01/24156447/past-future-bank-ifc-cooperation-country-strategy-level http://hdl.handle.net/10986/21706 |
| Summary: | The needs of World Bank Group (WBG)
clients have been changing with the private sector
increasingly becoming the engine of growth, and the
governments attention shifting from public projects to
dealing with the growing private sector: regulating it,
establishing partnerships with, and/or transferring certain
economic activities to it. In this new landscape, the best
way to optimize the WBG s development impact, promote its
overarching goal of eliminating extreme poverty and boosting
shared prosperity in a sustainable manner is to put the
array of private sector instruments into full use, bringing
enhanced cooperation between the World Bank/International
Development Association (the Bank) and IFC at the country
level to the forefront. The evidence from the recent past
shows that a realistic and selective approach to Bank-IFC
cooperation, based on appropriate resource allocation and
staff incentives, may yield significantly better outcomes.
Thus the challenges of the new Country Program Framework
(CPF) process are to: (i) identify where and when
cooperation is likely to improve efficiency and development
outcome; (ii) redefine job descriptions of various
administrative units and re-assign existing staff resources;
and (iii) provide staff incentives for joint work. |
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