Evaluation of the World Bank Group's Investment Climate Programs : Focus on Impact and Sustainability
This impact evaluation reviews the investment climate (IC) reform programs implemented by the World Bank Group (WBG) in Burkina Faso, Liberia, Rwanda, Sierra Leone, and South Sudan. It follows a study carried out in 2011 across the same countries....
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| Format: | Report |
| Language: | English en_US |
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World Bank, Washington, DC
2015
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| Online Access: | http://documents.worldbank.org/curated/en/2014/11/24397624/evaluation-world-bank-groups-investment-climate-programs-focus-impact-sustainability http://hdl.handle.net/10986/21963 |
| Summary: | This impact evaluation reviews the
investment climate (IC) reform programs implemented by the
World Bank Group (WBG) in Burkina Faso, Liberia, Rwanda,
Sierra Leone, and South Sudan. It follows a study carried
out in 2011 across the same countries. The purpose of the
evaluation is to update, expand, and deepen the initial
analysis within the framework of the earlier study, in order
to gain a better understanding of the impact and
sustainability of the IC reform activities implemented by
the WBG. The evaluation covers a total of 25 IC-related
projects implemented by the WBG in the five countries since
the mid-2000s. The evaluation consists of three main
elements, namely: a review of the outcomes achieved by the
IC programs; an analysis of how IC reforms translate into
impacts that is into tangible benefits for private firms and
for the economy as a whole; and an assessment of the
sustainability of IC reforms. The result is a significant
improvement in the overall quality of the business
environment in the five countries. This report is structured
as follows: section one gives introduction. Section two
provides an overview of the context in which the WBG
programs were implemented, with a short presentation of the
salient features of the five countries; section three
briefly reviews the activities undertaken by each WBG
program; section four analyzes the outcomes of the IC reform
programs, with a review of the reforms supported, of the
influence of these reforms on the business environment, and
of the private sectors perceptions of IC reforms; section
five reviews in detail the impact of IC reform programs,
providing estimates of both direct impacts (cost savings)
and indirect impacts (changes in enterprise formation and
formalization, investment, and employment); section six
analyzes the sustainability of IC reforms, with respect to
both current and prospective sustainability and with an
analysis of the main factors influencing sustainability; and
finally, section seven summarizes the key findings of the evaluation. |
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