Independent Evaluation of IFC's Development Results : Knowledge for Private Sector Development
Independent evaluation of International Finance Corporations (IFC's) development results 2009 takes stock of the development performance of IFC's investment operations, and examines, for the first time, the development effectiveness of it...
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Washington, DC: World Bank
2012
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| Online Access: | http://www-wds.worldbank.org/external/default/main?menuPK=64187510&pagePK=64193027&piPK=64187937&theSitePK=523679&menuPK=64187510&searchMenuPK=64187283&siteName=WDS&entityID=000333037_20090916012124 http://hdl.handle.net/10986/2674 |
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okr-10986-26742021-04-23T14:02:03Z Independent Evaluation of IFC's Development Results : Knowledge for Private Sector Development Independent Evaluation Group ACCESS TO FINANCE ACCOUNTABILITY ACQUISITION COST ADB ADVISORY SERVICES BOARDS OF DIRECTORS BORROWER BOUNDARIES BUSINESS ACTIVITIES BUSINESS DEVELOPMENT BUSINESS ENABLING BUSINESS ENABLING ENVIRONMENT CAPITAL FLOWS CAPITAL INVESTMENT CAPITAL INVESTMENTS CLIMATE CHANGE COLLABORATION COMMERCIAL BANKS CONFLICT CONFLICTS CORPORATE FINANCE CRISES CROWDING OUT DEREGULATION DEVELOPED COUNTRIES DEVELOPMENT BANK DONOR FUNDING ECONOMIC ACTIVITIES ECONOMIC CONDITIONS ECONOMIC CRISIS ECONOMIC GROWTH EIB EMERGING MARKETS ENTREPRENEURSHIP ENVIRONMENTAL EQUITY INVESTMENT FINANCES FINANCIAL INTERMEDIARIES FINANCIAL INTERMEDIARY FINANCIAL MARKETS FINANCIAL PRODUCTS FINANCIAL RISK FINANCIAL SERVICES FOREIGN DIRECT INVESTMENT FOREIGN INVESTMENT FOREIGN SERVICE FRONTIER FUNDING SOURCES GRAVE GUARANTEE AGENCY IBRD IFC IMF INCOME INFORMATION TECHNOLOGY INTERNATIONAL BANK INTERNATIONAL DEVELOPMENT INTERNATIONAL FINANCE INTERNATIONAL RELATIONS INVESTMENT BANK KNOWLEDGE MANAGEMENT KNOWLEDGE WORK LOAN LOAN OFFICER MARKET VALUE MDB MEETING MICROFINANCE MICROFINANCE INSTITUTION MULTILATERAL DEVELOPMENT BANKS NEW BUSINESS NEW COMPANIES NEW MARKETS OIL OUTSOURCING PEER REVIEW POLICY MAKERS PRIVATE ENTERPRISE PRIVATE EQUITY PRIVATE INVESTMENT PRIVATE SECTOR BANK PRODUCTIVITY PROFITABILITY PROJECT APPRAISAL PROJECT DESIGN PROJECT EVALUATION PROJECT IMPLEMENTATION PUBLIC GOODS REAL SECTOR RECONSTRUCTION RISK MANAGEMENT RISK MITIGATION SUBSIDIARY SUBVENTIONS SUSTAINABLE DEVELOPMENT TECHNICAL ASSISTANCE Independent evaluation of International Finance Corporations (IFC's) development results 2009 takes stock of the development performance of IFC's investment operations, and examines, for the first time, the development effectiveness of its Advisory Services (AS), thus offering the first holistic review of IFC's development results. On Investment Services (IS), the report finds that 72 percent of operations reaching early operating maturity between 2006 and 2008 met or exceeded their financial, economic, environmental, and social benchmarks, and made contributions to private sector development beyond just the project. This is a significant improvement over the 63 percent achieved between 2005 and 2007. Meanwhile, 70 percent of AS operations reviewed between 2006 and 2008 achieved high development effectiveness ratings. But these development results do not yet reflect the sharp deterioration in global economic conditions, which has just now begun to affect the economic environment in most developing countries. Experience suggests there are considerable risks to development results but crises can also offer new opportunities that need to be grasped. Projects approved in the years prior to a crisis were about 15 percent less likely to achieve good results than otherwise. In the wake of past crises, investing was likely to lead to better results. But measures to protect the portfolio have tended to crowd out the proactive pursuit of new opportunities to broaden impact. This will need to change in IFC's response to the current crisis, so that the tension between protecting the portfolio and responding to opportunities can be effectively managed. 2012-03-19T10:04:33Z 2012-03-19T10:04:33Z 2009 http://www-wds.worldbank.org/external/default/main?menuPK=64187510&pagePK=64193027&piPK=64187937&theSitePK=523679&menuPK=64187510&searchMenuPK=64187283&siteName=WDS&entityID=000333037_20090916012124 978-0-8213-7986-8 http://hdl.handle.net/10986/2674 English CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo/ World Bank Washington, DC: World Bank Publications & Research :: Publication Publications & Research :: Publication |
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Digital Repository |
| institution_category |
Foreign Institution |
| institution |
Digital Repositories |
| building |
World Bank Open Knowledge Repository |
| collection |
World Bank |
| language |
English |
| topic |
ACCESS TO FINANCE ACCOUNTABILITY ACQUISITION COST ADB ADVISORY SERVICES BOARDS OF DIRECTORS BORROWER BOUNDARIES BUSINESS ACTIVITIES BUSINESS DEVELOPMENT BUSINESS ENABLING BUSINESS ENABLING ENVIRONMENT CAPITAL FLOWS CAPITAL INVESTMENT CAPITAL INVESTMENTS CLIMATE CHANGE COLLABORATION COMMERCIAL BANKS CONFLICT CONFLICTS CORPORATE FINANCE CRISES CROWDING OUT DEREGULATION DEVELOPED COUNTRIES DEVELOPMENT BANK DONOR FUNDING ECONOMIC ACTIVITIES ECONOMIC CONDITIONS ECONOMIC CRISIS ECONOMIC GROWTH EIB EMERGING MARKETS ENTREPRENEURSHIP ENVIRONMENTAL EQUITY INVESTMENT FINANCES FINANCIAL INTERMEDIARIES FINANCIAL INTERMEDIARY FINANCIAL MARKETS FINANCIAL PRODUCTS FINANCIAL RISK FINANCIAL SERVICES FOREIGN DIRECT INVESTMENT FOREIGN INVESTMENT FOREIGN SERVICE FRONTIER FUNDING SOURCES GRAVE GUARANTEE AGENCY IBRD IFC IMF INCOME INFORMATION TECHNOLOGY INTERNATIONAL BANK INTERNATIONAL DEVELOPMENT INTERNATIONAL FINANCE INTERNATIONAL RELATIONS INVESTMENT BANK KNOWLEDGE MANAGEMENT KNOWLEDGE WORK LOAN LOAN OFFICER MARKET VALUE MDB MEETING MICROFINANCE MICROFINANCE INSTITUTION MULTILATERAL DEVELOPMENT BANKS NEW BUSINESS NEW COMPANIES NEW MARKETS OIL OUTSOURCING PEER REVIEW POLICY MAKERS PRIVATE ENTERPRISE PRIVATE EQUITY PRIVATE INVESTMENT PRIVATE SECTOR BANK PRODUCTIVITY PROFITABILITY PROJECT APPRAISAL PROJECT DESIGN PROJECT EVALUATION PROJECT IMPLEMENTATION PUBLIC GOODS REAL SECTOR RECONSTRUCTION RISK MANAGEMENT RISK MITIGATION SUBSIDIARY SUBVENTIONS SUSTAINABLE DEVELOPMENT TECHNICAL ASSISTANCE |
| spellingShingle |
ACCESS TO FINANCE ACCOUNTABILITY ACQUISITION COST ADB ADVISORY SERVICES BOARDS OF DIRECTORS BORROWER BOUNDARIES BUSINESS ACTIVITIES BUSINESS DEVELOPMENT BUSINESS ENABLING BUSINESS ENABLING ENVIRONMENT CAPITAL FLOWS CAPITAL INVESTMENT CAPITAL INVESTMENTS CLIMATE CHANGE COLLABORATION COMMERCIAL BANKS CONFLICT CONFLICTS CORPORATE FINANCE CRISES CROWDING OUT DEREGULATION DEVELOPED COUNTRIES DEVELOPMENT BANK DONOR FUNDING ECONOMIC ACTIVITIES ECONOMIC CONDITIONS ECONOMIC CRISIS ECONOMIC GROWTH EIB EMERGING MARKETS ENTREPRENEURSHIP ENVIRONMENTAL EQUITY INVESTMENT FINANCES FINANCIAL INTERMEDIARIES FINANCIAL INTERMEDIARY FINANCIAL MARKETS FINANCIAL PRODUCTS FINANCIAL RISK FINANCIAL SERVICES FOREIGN DIRECT INVESTMENT FOREIGN INVESTMENT FOREIGN SERVICE FRONTIER FUNDING SOURCES GRAVE GUARANTEE AGENCY IBRD IFC IMF INCOME INFORMATION TECHNOLOGY INTERNATIONAL BANK INTERNATIONAL DEVELOPMENT INTERNATIONAL FINANCE INTERNATIONAL RELATIONS INVESTMENT BANK KNOWLEDGE MANAGEMENT KNOWLEDGE WORK LOAN LOAN OFFICER MARKET VALUE MDB MEETING MICROFINANCE MICROFINANCE INSTITUTION MULTILATERAL DEVELOPMENT BANKS NEW BUSINESS NEW COMPANIES NEW MARKETS OIL OUTSOURCING PEER REVIEW POLICY MAKERS PRIVATE ENTERPRISE PRIVATE EQUITY PRIVATE INVESTMENT PRIVATE SECTOR BANK PRODUCTIVITY PROFITABILITY PROJECT APPRAISAL PROJECT DESIGN PROJECT EVALUATION PROJECT IMPLEMENTATION PUBLIC GOODS REAL SECTOR RECONSTRUCTION RISK MANAGEMENT RISK MITIGATION SUBSIDIARY SUBVENTIONS SUSTAINABLE DEVELOPMENT TECHNICAL ASSISTANCE Independent Evaluation Group Independent Evaluation of IFC's Development Results : Knowledge for Private Sector Development |
| description |
Independent evaluation of International
Finance Corporations (IFC's) development results 2009
takes stock of the development performance of IFC's
investment operations, and examines, for the first time, the
development effectiveness of its Advisory Services (AS),
thus offering the first holistic review of IFC's
development results. On Investment Services (IS), the report
finds that 72 percent of operations reaching early operating
maturity between 2006 and 2008 met or exceeded their
financial, economic, environmental, and social benchmarks,
and made contributions to private sector development beyond
just the project. This is a significant improvement over the
63 percent achieved between 2005 and 2007. Meanwhile, 70
percent of AS operations reviewed between 2006 and 2008
achieved high development effectiveness ratings. But these
development results do not yet reflect the sharp
deterioration in global economic conditions, which has just
now begun to affect the economic environment in most
developing countries. Experience suggests there are
considerable risks to development results but crises can
also offer new opportunities that need to be grasped.
Projects approved in the years prior to a crisis were about
15 percent less likely to achieve good results than
otherwise. In the wake of past crises, investing was likely
to lead to better results. But measures to protect the
portfolio have tended to crowd out the proactive pursuit of
new opportunities to broaden impact. This will need to
change in IFC's response to the current crisis, so that
the tension between protecting the portfolio and responding
to opportunities can be effectively managed. |
| format |
Publications & Research :: Publication |
| author |
Independent Evaluation Group |
| author_facet |
Independent Evaluation Group |
| author_sort |
Independent Evaluation Group |
| title |
Independent Evaluation of IFC's
Development Results : Knowledge for Private Sector Development |
| title_short |
Independent Evaluation of IFC's
Development Results : Knowledge for Private Sector Development |
| title_full |
Independent Evaluation of IFC's
Development Results : Knowledge for Private Sector Development |
| title_fullStr |
Independent Evaluation of IFC's
Development Results : Knowledge for Private Sector Development |
| title_full_unstemmed |
Independent Evaluation of IFC's
Development Results : Knowledge for Private Sector Development |
| title_sort |
independent evaluation of ifc's
development results : knowledge for private sector development |
| publisher |
Washington, DC: World Bank |
| publishDate |
2012 |
| url |
http://www-wds.worldbank.org/external/default/main?menuPK=64187510&pagePK=64193027&piPK=64187937&theSitePK=523679&menuPK=64187510&searchMenuPK=64187283&siteName=WDS&entityID=000333037_20090916012124 http://hdl.handle.net/10986/2674 |
| _version_ |
1764385797987893248 |