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The World Bank
In 1944, the Bretton Woods Conference ushered in a new international economic order. The World Bank emerged as one of the most powerful financial institutions in the world, and a new colonial authority in all but name. But how does it operate, who funds it, and what agenda does it work to promote?In The World Bank: A Critical History, Eric Toussaint answers all of these questions and more. Offering up a highly readable yet uniquely authoritative account, the book analyses the World Bank from its beginnings to the present day. Chapters on gender, climate and the pandemic era complement the peerless research that informed Toussaint's 2007 classic, The World Bank: A Critical Primer, and provide the reader with a truly contemporary, definitive text.Seven international case studies illustrate the impact of World Bank policy, and Toussaint also explores the political, economic and strategic motives of the US government with regard to the World Bank. The book concludes with a proposal for replacing the World Bank, IMF and WTO with new, multilateral and democratic institutions.
eBook
The World Bank Group guarantee instruments 1990-2007 : an independent evaluation
Foreign direct investment and private capital flows are highly concentrated geographically, with almost half of them reaching five top destinations. These flows tend to evade many high-risk countries. Regulatory and contractual risks, particularly in infrastructure, have inhibited investments in many parts of the developing world. A core objective of the World Bank Group (WBG) has been to support the flow of private investment for development; guarantees and insurance have been among the instruments that the WBG has used to pursue this objective. This study examines three main questions: • Should the WBG be in the guarantee business? • Have guarantee instruments in the three WBG institutions been used to their potential as reflected in WBG expectations and perceived demand? • Is the WBG appropriately organized to deliver its range of guarantee products in an effective and efficient manner?
eBook
Lessons learned from World Bank education management information system operations : portfolio review 1998-2014
Provides an overview of the World Bank's portfolio in the area of Education Management Information Systems (EMISs) over the course of 17 years, from 1998 to 2014. It seeks to identify overall trends and characteristics of World Bank support in this area, with the intent of informing future project preparation and analytical work. The portfolio review revealed that although several good practices were evident, operational performance of EMIS activities fell short of expectations, with widespread deficiencies that ranged from unclear definitions and understanding of the EMIS to ineffective implementation and utilization. Examples of successful activities include the development of an EMIS to manage teachers and provide access to education (for example, Afghanistan); utilization of an EMIS as a management tool (for example, Bosnia and Herzegovina); creation of an online EMIS to improve access to education data (for example, Honduras); use of an EMIS to strengthen teaching and learning (for example, Guatemala and Lithuania); and use of an EMIS as a management tool for schools (for example, Malaysia). These success stories highlight how a well-implemented EMIS can improve the performance of an education system. The challenges that have been identified as contributing to the shortcomings are related to the following: Misalignment of activities and unrealistic EMIS goals; Institutionalization of the EMIS; Sustainability challenges resulting from inconsistent leadership; Missed integration opportunities; Private players in education; EMIS at the local level. Future projects could benefit from the SABER (Systems Approach for Better Education Results)-EMIS Assessment Framework. The SABER-EMIS Framework focuses on the need for a strong enabling environment, system soundness, quality data, and effective utilization as the key factors essential for the successful implementation of an EMIS. Initial needs assessment of a country's EMIS can play a critical role in benchmarking countries and provide a valuable foundation for the design of new projects.
Book
Country assistance evaluation retrospective : an OED self-evaluation
This report is a self-evaluation of the Operations Evaluation Department's (OED) Country Assistance Evaluations (CAEs). CAEs examine World Bank performance in a particular country, usually over the past four to five years, and report on its conformity with the relevant Bank Country Assistance Strategy (CAS) and on the overall effectiveness of the specific CAS. This Retrospective addresses the question \"What Have We Learned?\" by compiling lessons relevant for developing country assistance strategies from the most recent batch of CAEs. Second, it assesses revisions to the CAE process, methodology, and presentation to answer the question \"How Can the CAE Instrument Be Improved?\".
eBook
World Bank Group impact evaluations : relevance and effectiveness
Impact evaluation has grown more popular as a method for identifying the causal links between interventions and outcomes. These kind of evaluations assess changes that can be attributed to a particular intervention. Both innovations in statistical methods and the demand for evaluations that can measure such development results are increasing. The World Bank Group is the largest producer of impact evaluations among all development institutions. Thus, IEG has evaluated the relevance, quality, and influence of World Bank and IFC impact evaluations. IEG finds that the World Bank Group portfolio of impact evaluations is largely aligned with sector strategies and project objectives. Selection and coordination of impact evaluations has been improving. Most World Bank impact evaluations meet either medium or high quality standards, and about half of IFC impact evaluations did. Issues related to funding, staff capacity, and incentives, however, constrain the scope and coverage of impact evaluations in the Bank Group. IEG makes five recommendations to strengthen the Bank Groups impact evaluation efforts, revolving around consistency, coordination, quality standards, and ensuring operational relevance. Both development and evaluation professionals will find valuable lessons in this evaluation. There are real benefits from impact evaluations, including their influence on development practices through contributions to project assessment and design of future projects. Thus, development practitioners engaged in designing projects, evaluators interestedin using similar methodology, and the general evaluation community will be able to use the lessons IEG sets out in this report.
eBook
Public sector reform : what works and why? : an IEG evaluation of World Bank support
The effectiveness and efficiency of a country's public sector is vital to the success of development activities, including those the World Bank supports. Sound financial management, an efficient civil service and administrative policy, efficient and fair collection of taxes, and transparent operations that are relatively free of corruption all contribute to good delivery of public services. The Bank has devoted an increasing share of its lending and advisory support to the reform of central governments, so it is important to understand what is working, what needs improvement, and what is missing. IEG has examined lending and other kinds of Bank support in 1999-2006 for public sector reform in four areas: public financial management, administrative and civil service, revenue administration, and anticorruption and transparency.Although a majority of countries that borrowed to support public sector reform experienced improved performance in some dimensions, there were shortcomings in important areas and in overall coordination. The frequency of improvement was higher among IBRD borrowers than among IDA borrowers. Performance usually improved for public financial management, tax administration, and transparency, but did not usually with respect to civil service. Direct measures to reduce corruption such as anticorruption laws and commissions rarely succeeded.
eBook
Strengthening the World Bank's role in global programs and partnerships
This volume reports on a conference held by the World Bank's independent Operations Evaluation Department (OED) to discuss the Bank's rote in global program partnerships. The starting point for the discussions was a comprehensive review by OED of the effectiveness of 26 of the largest programs, including the Consultative Group on International AgricuRural Research and programs in health, environment, and trade. Participants at the conference provided crosscutting lessons about program design, implementation, and evaluation, and shared views about how the Bank can best help build commitment and assure financing for high priority global public goods that benefit the poor.
eBook
Using Training to Build Capacity for Development
This evaluation assesses the extend to which World Bank-financed training builds the capacity of target institutions and organizations to better achieve their development goals, and identifies the training management processes that contribute to positive results.
eBook