Independent Evaluation of IFC's Development Results 2007 : Lessons and Implications from 10 Years of Experience
IFC's overriding objective is to help reduce poverty and support sustainable development in developing countries. This report, which assesses the impact of IFC toward that mission, appears at a time of unprecedented levels of private investmen...
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| Format: | Publication |
| Language: | English en_US |
| Published: |
2012
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| Online Access: | http://documents.worldbank.org/curated/en/2008/01/8865660/independent-evaluation-ifcs-development-results-2007-lessons-implications-10-years-experience http://hdl.handle.net/10986/6898 |
| Summary: | IFC's overriding objective is to
help reduce poverty and support sustainable development in
developing countries. This report, which assesses the impact
of IFC toward that mission, appears at a time of
unprecedented levels of private investment in the emerging
markets. The report takes a look back at the development
results that IFC-supported projects have achieved in the
last 10 years, the main lessons that have emerged at the
project level and the strategic implications for IFC going
forward, in the context of rapid organizational growth. The
report finds that IFC-supported project performance is
closely linked to the quality of a country's business
climate, the presence of a high quality sponsor,
well-managed company and product market risk, and in
particular, to IFC's work quality (especially at the
appraisal and structuring stage, and including oversight of
the environmental and social effects of projects). Going
forward, the report highlights major challenges IFC faces to
achieving overall development effectiveness. IFC will need
to adopt a sharper country focus and better exploit
synergies with the Bank and other development partners in
improving business climates in developing countries. |
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