Financial Viability of the Electricity Sector in Developing Countries : Recent Trends and Effectiveness of World Bank Interventions
This Independent Evaluation Group (IEG) Learning Product addresses the effectiveness of World Bank interventions during fiscal years (FY) 2000–2015 in supporting client countries for improving the financial performance and long-term viability of th...
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| Format: | Working Paper |
| 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/2016/08/26726806/financial-viability-electricity-sector-developing-countries-recent-trends-effectiveness-world-bank-interventions http://hdl.handle.net/10986/25174 |
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okr-10986-251742021-05-25T10:54:42Z Financial Viability of the Electricity Sector in Developing Countries : Recent Trends and Effectiveness of World Bank Interventions Independent Evaluation Group electricity financial performance market structure regulation investment loans development policy operations This Independent Evaluation Group (IEG) Learning Product addresses the effectiveness of World Bank interventions during fiscal years (FY) 2000–2015 in supporting client countries for improving the financial performance and long-term viability of their electricity sectors. Like other IEG learning products, this study is a synthesis of evaluation findings, cross-cutting lessons, and good practices from existing IEG evaluations, supplemented with a targeted literature review. This study compiled a comprehensive inventory of World Bank electricity sector investment projects approved during FY2000–2015 that contain components and covenants for improving sector financial performance and viability. IEG conducted a targeted literature survey to compile the latest analysis on electricity sector financial viability in developing countries and compiled the leading electricity utilities’ profitability trends between 2003 and 2013 for a sample of 40 World Bank client countries. The study uses available data to characterize an empirical relationship between sector financial performance and sector outcomes. This study’s analysis shows that most investment loans with financial components and covenants for the electricity sector show a moderately satisfactory or better performance regarding their financial performance objectives. This study book is arranged as follows: second chapter is an overview of developing country electricity sector financial performance and financial viability drivers, and it characterizes the link between financial viability and sector outcomes; third chapter covers the role of investment loans in improving sector financial viability and analyzes their performance; fourth chapter covers the role of development policy operations (DPOs) for improving sector financial viability and analyzes their performance; and fifth chapter summarizes the main findings and lessons from World Bank support for sector financial viability and illustrates them with relevant investment loan and DPO examples. 2016-10-17T18:40:50Z 2016-10-17T18:40:50Z 2016-06-30 Working Paper http://documents.worldbank.org/curated/en/2016/08/26726806/financial-viability-electricity-sector-developing-countries-recent-trends-effectiveness-world-bank-interventions http://hdl.handle.net/10986/25174 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 Africa Sub-Saharan Africa |
| 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 |
electricity financial performance market structure regulation investment loans development policy operations |
| spellingShingle |
electricity financial performance market structure regulation investment loans development policy operations Independent Evaluation Group Financial Viability of the Electricity Sector in Developing Countries : Recent Trends and Effectiveness of World Bank Interventions |
| geographic_facet |
Africa Sub-Saharan Africa |
| description |
This Independent Evaluation Group (IEG)
Learning Product addresses the effectiveness of World Bank
interventions during fiscal years (FY) 2000–2015 in
supporting client countries for improving the financial
performance and long-term viability of their electricity
sectors. Like other IEG learning products, this study is a
synthesis of evaluation findings, cross-cutting lessons, and
good practices from existing IEG evaluations, supplemented
with a targeted literature review. This study compiled a
comprehensive inventory of World Bank electricity sector
investment projects approved during FY2000–2015 that contain
components and covenants for improving sector financial
performance and viability. IEG conducted a targeted
literature survey to compile the latest analysis on
electricity sector financial viability in developing
countries and compiled the leading electricity utilities’
profitability trends between 2003 and 2013 for a sample of
40 World Bank client countries. The study uses available
data to characterize an empirical relationship between
sector financial performance and sector outcomes. This
study’s analysis shows that most investment loans with
financial components and covenants for the electricity
sector show a moderately satisfactory or better performance
regarding their financial performance objectives. This
study book is arranged as follows: second chapter is an
overview of developing country electricity sector financial
performance and financial viability drivers, and it
characterizes the link between financial viability and
sector outcomes; third chapter covers the role of investment
loans in improving sector financial viability and analyzes
their performance; fourth chapter covers the role of
development policy operations (DPOs) for improving sector
financial viability and analyzes their performance; and
fifth chapter summarizes the main findings and lessons from
World Bank support for sector financial viability and
illustrates them with relevant investment loan and DPO examples. |
| format |
Working Paper |
| author |
Independent Evaluation Group |
| author_facet |
Independent Evaluation Group |
| author_sort |
Independent Evaluation Group |
| title |
Financial Viability of the Electricity Sector in Developing Countries : Recent Trends and Effectiveness of World Bank Interventions |
| title_short |
Financial Viability of the Electricity Sector in Developing Countries : Recent Trends and Effectiveness of World Bank Interventions |
| title_full |
Financial Viability of the Electricity Sector in Developing Countries : Recent Trends and Effectiveness of World Bank Interventions |
| title_fullStr |
Financial Viability of the Electricity Sector in Developing Countries : Recent Trends and Effectiveness of World Bank Interventions |
| title_full_unstemmed |
Financial Viability of the Electricity Sector in Developing Countries : Recent Trends and Effectiveness of World Bank Interventions |
| title_sort |
financial viability of the electricity sector in developing countries : recent trends and effectiveness of world bank interventions |
| publisher |
World Bank, Washington, DC |
| publishDate |
2016 |
| url |
http://documents.worldbank.org/curated/en/2016/08/26726806/financial-viability-electricity-sector-developing-countries-recent-trends-effectiveness-world-bank-interventions http://hdl.handle.net/10986/25174 |
| _version_ |
1764458433928495104 |