An Evaluation of World Bank Investment Climate Activities
The Investment Climate Study is a evaluation of the Operations Evaluation Department (OED). The OED report reviews the Bank’s investment climate lending and non-lending activities during fiscal years 1993 through 2002-03. The report presents the co...
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| Format: | Evaluation |
| Language: | English en_US |
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World Bank, Washington, DC
2016
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| Online Access: | http://documents.worldbank.org/curated/en/2016/03/26018607/evaluation-world-bank-investment-climate-activities http://hdl.handle.net/10986/24109 |
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okr-10986-24109 |
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| 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 |
TARIFFS SOCIAL COSTS CAPITAL MARKETS HOLDING REGULATORY FRAMEWORK BORROWER STRUCTURAL ADJUSTMENT ECONOMIC GROWTH ENVIRONMENTAL PROTECTION POLICY ENVIRONMENT MACROECONOMIC MANAGEMENT INSTITUTIONAL INVESTORS AGRICULTURAL PRODUCTION EXPECTATIONS PROPERTY RIGHTS EXCHANGE BALANCE OF PAYMENTS MACROECONOMIC CRISIS FINANCIAL RESOURCES RESOURCE ALLOCATION DEBT MANAGEMENT LABOR FORCE DEVELOPING COUNTRIES POLITICAL ECONOMY REVENUES ENVIRONMENTAL ISSUES PORTFOLIO INCENTIVES LOAN MACROECONOMIC CONDITIONS MODELS PRIVATE PROPERTY SUSTAINABLE DEVELOPMENT AGRICULTURAL OUTPUT CONDITIONALITY INTERNATIONAL BANK CDF INSTRUMENTS ECONOMIC ANALYSIS RESOURCE USE ECONOMIC ACTIVITY INTERNATIONAL FINANCE OIL PRICES INVESTMENT BEHAVIOR LABOR COSTS OIL CROWDING OUT JUDICIAL REFORM OPTIONS LABOR PRODUCTIVITY QUOTAS MARKET LIBERALIZATION MARKETS BARRIERS TO ENTRY DEBT INTERNATIONAL DEVELOPMENT PUBLIC DEBT MANAGEMENT BENEFIT ANALYSIS INCOME LEVELS ECONOMIC POLICIES DIRECT INVESTMENT NATURAL RESOURCES GROSS DOMESTIC PRODUCT SUBSIDIES FINANCE EFFICIENCY MARKET ECONOMIES TAXES TAX REFORMS LAND USE EFFECTIVE USE INVESTMENT DECISIONS TRANSACTIONS RESOURCES UNEMPLOYMENT EMERGING MARKETS POTENTIAL INVESTORS EQUITY DEREGULATION TRANSACTION INVESTORS MACROECONOMIC ENVIRONMENT PRODUCTIVITY GROWTH ECONOMIC IMPACT GOOD WAGES TRANSPARENCY COUNTRY RISK FINANCIAL STABILITY VALUES COMPLIANCE COSTS FINANCIAL CRISIS FOREIGN DIRECT INVESTMENT CREDIT DIVISION OF LABOR FOREIGN INVESTMENT SUSTAINABLE USE MINES SUSTAINABLE GROWTH MACROECONOMIC CRISES PUBLIC EXPENDITURES ENVIRONMENTS EXPENDITURES PUBLIC GOVERNANCE PROPERTY LOAN PORTFOLIO TAX RATES TRANSACTION COSTS MARKET ENVIRONMENT CONCEPTUAL FRAMEWORK FOREIGN EXCHANGE ECONOMICS SECURITIES PUBLIC DEBT EMPIRICAL RESEARCH FISHERIES ECONOMIC DEVELOPMENT TRADE INVESTOR LAND INVESTMENT CLIMATES ECONOMIES OF SCALE INVESTMENT COMMERCIAL BANKS INTERNATIONAL INVESTOR SHARE COMPARATIVE ADVANTAGE ADMINISTRATIVE PROCEDURES CREDIT RATIONING INVESTMENT CLIMATE POVERTY FARMS COMPETITIVE MARKETS NET WORTH REVENUE EMPIRICAL EVIDENCE PROFIT LENDING LIVING CONDITIONS ECONOMISTS TAX REFORM TRANSITION ECONOMIES PROFITS ENVIRONMENTAL LABOR MARKETS INTERNATIONAL INVESTORS PRICES GUARANTEE ECONOMIES PUBLIC GOODS COMPETITION CORPORATE GOVERNANCE INVESTING |
| spellingShingle |
TARIFFS SOCIAL COSTS CAPITAL MARKETS HOLDING REGULATORY FRAMEWORK BORROWER STRUCTURAL ADJUSTMENT ECONOMIC GROWTH ENVIRONMENTAL PROTECTION POLICY ENVIRONMENT MACROECONOMIC MANAGEMENT INSTITUTIONAL INVESTORS AGRICULTURAL PRODUCTION EXPECTATIONS PROPERTY RIGHTS EXCHANGE BALANCE OF PAYMENTS MACROECONOMIC CRISIS FINANCIAL RESOURCES RESOURCE ALLOCATION DEBT MANAGEMENT LABOR FORCE DEVELOPING COUNTRIES POLITICAL ECONOMY REVENUES ENVIRONMENTAL ISSUES PORTFOLIO INCENTIVES LOAN MACROECONOMIC CONDITIONS MODELS PRIVATE PROPERTY SUSTAINABLE DEVELOPMENT AGRICULTURAL OUTPUT CONDITIONALITY INTERNATIONAL BANK CDF INSTRUMENTS ECONOMIC ANALYSIS RESOURCE USE ECONOMIC ACTIVITY INTERNATIONAL FINANCE OIL PRICES INVESTMENT BEHAVIOR LABOR COSTS OIL CROWDING OUT JUDICIAL REFORM OPTIONS LABOR PRODUCTIVITY QUOTAS MARKET LIBERALIZATION MARKETS BARRIERS TO ENTRY DEBT INTERNATIONAL DEVELOPMENT PUBLIC DEBT MANAGEMENT BENEFIT ANALYSIS INCOME LEVELS ECONOMIC POLICIES DIRECT INVESTMENT NATURAL RESOURCES GROSS DOMESTIC PRODUCT SUBSIDIES FINANCE EFFICIENCY MARKET ECONOMIES TAXES TAX REFORMS LAND USE EFFECTIVE USE INVESTMENT DECISIONS TRANSACTIONS RESOURCES UNEMPLOYMENT EMERGING MARKETS POTENTIAL INVESTORS EQUITY DEREGULATION TRANSACTION INVESTORS MACROECONOMIC ENVIRONMENT PRODUCTIVITY GROWTH ECONOMIC IMPACT GOOD WAGES TRANSPARENCY COUNTRY RISK FINANCIAL STABILITY VALUES COMPLIANCE COSTS FINANCIAL CRISIS FOREIGN DIRECT INVESTMENT CREDIT DIVISION OF LABOR FOREIGN INVESTMENT SUSTAINABLE USE MINES SUSTAINABLE GROWTH MACROECONOMIC CRISES PUBLIC EXPENDITURES ENVIRONMENTS EXPENDITURES PUBLIC GOVERNANCE PROPERTY LOAN PORTFOLIO TAX RATES TRANSACTION COSTS MARKET ENVIRONMENT CONCEPTUAL FRAMEWORK FOREIGN EXCHANGE ECONOMICS SECURITIES PUBLIC DEBT EMPIRICAL RESEARCH FISHERIES ECONOMIC DEVELOPMENT TRADE INVESTOR LAND INVESTMENT CLIMATES ECONOMIES OF SCALE INVESTMENT COMMERCIAL BANKS INTERNATIONAL INVESTOR SHARE COMPARATIVE ADVANTAGE ADMINISTRATIVE PROCEDURES CREDIT RATIONING INVESTMENT CLIMATE POVERTY FARMS COMPETITIVE MARKETS NET WORTH REVENUE EMPIRICAL EVIDENCE PROFIT LENDING LIVING CONDITIONS ECONOMISTS TAX REFORM TRANSITION ECONOMIES PROFITS ENVIRONMENTAL LABOR MARKETS INTERNATIONAL INVESTORS PRICES GUARANTEE ECONOMIES PUBLIC GOODS COMPETITION CORPORATE GOVERNANCE INVESTING Operations Evaluation Department An Evaluation of World Bank Investment Climate Activities |
| geographic_facet |
East Asia and Pacific Europe and Central Asia Latin America & Caribbean South Asia |
| description |
The Investment Climate Study is a
evaluation of the Operations Evaluation Department (OED).
The OED report reviews the Bank’s investment climate lending
and non-lending activities during fiscal years 1993 through
2002-03. The report presents the collected findings of
several evaluative exercises: a literature review; an
analysis of investment climate themes in country assistance
strategies and sector strategies; an analysis of lending
operations as well as economic and sector work including
survey-based diagnostic assessments; discussions with groups
of international investors as well as with Bank staff; and
client consultations and country case studies for five
countries of Indonesia, Romania, India, Mozambique, and
Peru. The key lessons learned are as follows: (i) the Bank’s
non-lending intellectual and coordinating contributions can
be as important as its financial contributions; (ii)
institutional weaknesses in the form of administrative and
regulatory barriers and poor property rights, as well as
inadequate infrastructure and capability problems in public
administration and private business, can continue to
constrain growth; (iii) reform efforts must be coupled with
a convincing analysis of the costs and benefits of reform,
together with an exercise to set reform priorities, capacity
building to address weaknesses of executing agencies, and
efforts on the ground to achieve political consensus and
commitment by government leaders to adopt and implement
required reforms; (iv) partial programs may fall well short
of achieving their objectives; (v) in cases where
comprehensive reform programs are politically impossible,
greater effort may be needed to prioritize what needs to be
fixed first and what needs to be worked on in the longer
run; (vi) reform efforts need people on the ground to help
build required political commitment; and (vii) there may be
a need for interventions to assist firms in these areas by
way of vocational and in-firm training and cost-sharing
subsidies for technology transfer to increase the
possibilities for a growth response to investment climate
reforms. The OED evaluation concludes with the following
recommendations to improve Bank support for investment
climate reforms: (i) pay more attention to institutions and
the political economy of reform; (ii) improve the focus and
use of survey-based diagnostics; (iii) do a better job of
prioritizing and packaging investment climate reforms in
lending operations; and (iv) find organizational solutions
that help integrate microeconomic and macroeconomic reform agendas. |
| format |
Evaluation |
| author |
Operations Evaluation Department |
| author_facet |
Operations Evaluation Department |
| author_sort |
Operations Evaluation Department |
| title |
An Evaluation of World Bank Investment Climate Activities |
| title_short |
An Evaluation of World Bank Investment Climate Activities |
| title_full |
An Evaluation of World Bank Investment Climate Activities |
| title_fullStr |
An Evaluation of World Bank Investment Climate Activities |
| title_full_unstemmed |
An Evaluation of World Bank Investment Climate Activities |
| title_sort |
evaluation of world bank investment climate activities |
| publisher |
World Bank, Washington, DC |
| publishDate |
2016 |
| url |
http://documents.worldbank.org/curated/en/2016/03/26018607/evaluation-world-bank-investment-climate-activities http://hdl.handle.net/10986/24109 |
| _version_ |
1764455487387992064 |
| spelling |
okr-10986-241092021-04-23T14:04:19Z An Evaluation of World Bank Investment Climate Activities Operations Evaluation Department TARIFFS SOCIAL COSTS CAPITAL MARKETS HOLDING REGULATORY FRAMEWORK BORROWER STRUCTURAL ADJUSTMENT ECONOMIC GROWTH ENVIRONMENTAL PROTECTION POLICY ENVIRONMENT MACROECONOMIC MANAGEMENT INSTITUTIONAL INVESTORS AGRICULTURAL PRODUCTION EXPECTATIONS PROPERTY RIGHTS EXCHANGE BALANCE OF PAYMENTS MACROECONOMIC CRISIS FINANCIAL RESOURCES RESOURCE ALLOCATION DEBT MANAGEMENT LABOR FORCE DEVELOPING COUNTRIES POLITICAL ECONOMY REVENUES ENVIRONMENTAL ISSUES PORTFOLIO INCENTIVES LOAN MACROECONOMIC CONDITIONS MODELS PRIVATE PROPERTY SUSTAINABLE DEVELOPMENT AGRICULTURAL OUTPUT CONDITIONALITY INTERNATIONAL BANK CDF INSTRUMENTS ECONOMIC ANALYSIS RESOURCE USE ECONOMIC ACTIVITY INTERNATIONAL FINANCE OIL PRICES INVESTMENT BEHAVIOR LABOR COSTS OIL CROWDING OUT JUDICIAL REFORM OPTIONS LABOR PRODUCTIVITY QUOTAS MARKET LIBERALIZATION MARKETS BARRIERS TO ENTRY DEBT INTERNATIONAL DEVELOPMENT PUBLIC DEBT MANAGEMENT BENEFIT ANALYSIS INCOME LEVELS ECONOMIC POLICIES DIRECT INVESTMENT NATURAL RESOURCES GROSS DOMESTIC PRODUCT SUBSIDIES FINANCE EFFICIENCY MARKET ECONOMIES TAXES TAX REFORMS LAND USE EFFECTIVE USE INVESTMENT DECISIONS TRANSACTIONS RESOURCES UNEMPLOYMENT EMERGING MARKETS POTENTIAL INVESTORS EQUITY DEREGULATION TRANSACTION INVESTORS MACROECONOMIC ENVIRONMENT PRODUCTIVITY GROWTH ECONOMIC IMPACT GOOD WAGES TRANSPARENCY COUNTRY RISK FINANCIAL STABILITY VALUES COMPLIANCE COSTS FINANCIAL CRISIS FOREIGN DIRECT INVESTMENT CREDIT DIVISION OF LABOR FOREIGN INVESTMENT SUSTAINABLE USE MINES SUSTAINABLE GROWTH MACROECONOMIC CRISES PUBLIC EXPENDITURES ENVIRONMENTS EXPENDITURES PUBLIC GOVERNANCE PROPERTY LOAN PORTFOLIO TAX RATES TRANSACTION COSTS MARKET ENVIRONMENT CONCEPTUAL FRAMEWORK FOREIGN EXCHANGE ECONOMICS SECURITIES PUBLIC DEBT EMPIRICAL RESEARCH FISHERIES ECONOMIC DEVELOPMENT TRADE INVESTOR LAND INVESTMENT CLIMATES ECONOMIES OF SCALE INVESTMENT COMMERCIAL BANKS INTERNATIONAL INVESTOR SHARE COMPARATIVE ADVANTAGE ADMINISTRATIVE PROCEDURES CREDIT RATIONING INVESTMENT CLIMATE POVERTY FARMS COMPETITIVE MARKETS NET WORTH REVENUE EMPIRICAL EVIDENCE PROFIT LENDING LIVING CONDITIONS ECONOMISTS TAX REFORM TRANSITION ECONOMIES PROFITS ENVIRONMENTAL LABOR MARKETS INTERNATIONAL INVESTORS PRICES GUARANTEE ECONOMIES PUBLIC GOODS COMPETITION CORPORATE GOVERNANCE INVESTING The Investment Climate Study is a evaluation of the Operations Evaluation Department (OED). The OED report reviews the Bank’s investment climate lending and non-lending activities during fiscal years 1993 through 2002-03. The report presents the collected findings of several evaluative exercises: a literature review; an analysis of investment climate themes in country assistance strategies and sector strategies; an analysis of lending operations as well as economic and sector work including survey-based diagnostic assessments; discussions with groups of international investors as well as with Bank staff; and client consultations and country case studies for five countries of Indonesia, Romania, India, Mozambique, and Peru. The key lessons learned are as follows: (i) the Bank’s non-lending intellectual and coordinating contributions can be as important as its financial contributions; (ii) institutional weaknesses in the form of administrative and regulatory barriers and poor property rights, as well as inadequate infrastructure and capability problems in public administration and private business, can continue to constrain growth; (iii) reform efforts must be coupled with a convincing analysis of the costs and benefits of reform, together with an exercise to set reform priorities, capacity building to address weaknesses of executing agencies, and efforts on the ground to achieve political consensus and commitment by government leaders to adopt and implement required reforms; (iv) partial programs may fall well short of achieving their objectives; (v) in cases where comprehensive reform programs are politically impossible, greater effort may be needed to prioritize what needs to be fixed first and what needs to be worked on in the longer run; (vi) reform efforts need people on the ground to help build required political commitment; and (vii) there may be a need for interventions to assist firms in these areas by way of vocational and in-firm training and cost-sharing subsidies for technology transfer to increase the possibilities for a growth response to investment climate reforms. The OED evaluation concludes with the following recommendations to improve Bank support for investment climate reforms: (i) pay more attention to institutions and the political economy of reform; (ii) improve the focus and use of survey-based diagnostics; (iii) do a better job of prioritizing and packaging investment climate reforms in lending operations; and (iv) find organizational solutions that help integrate microeconomic and macroeconomic reform agendas. 2016-04-21T16:17:27Z 2016-04-21T16:17:27Z 2004-10-22 Evaluation http://documents.worldbank.org/curated/en/2016/03/26018607/evaluation-world-bank-investment-climate-activities http://hdl.handle.net/10986/24109 English en_US CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo/ World Bank World Bank, Washington, DC Publications & Research Publications & Research :: Working Paper East Asia and Pacific Europe and Central Asia Latin America & Caribbean South Asia |