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 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.

Bibliographic Details

Main Author:	Independent Evaluation Group
Format:	Publication biblioteca
Language:	English en_US
Published:	2008
Subjects:	ACCOUNTABILITY, BANK BRANCHES, BANK POLICY, BANKING SECTOR, BOARDS OF DIRECTORS, BOUNDARIES, CAPITAL FLOWS, CAPITAL MARKETS, CAPITAL MARKETS DEVELOPMENT, CHECKS, COMPARATIVE ADVANTAGE, COMPETITIVE MARKETS, CONFLICT, CORPORATE TAX RATE, COUNTRY RISKS, CRISES, DEBT, DECENTRALIZATION, DECENTRALIZATION PROCESS, DECISION MAKING, DEMONSTRATION EFFECTS, DEPOSIT, DEVALUATION, DEVELOPING COUNTRIES, DEVELOPING COUNTRY, DISCLOSURE OF INFORMATION, DOMESTIC CAPITAL, DOMESTIC CAPITAL MARKETS, DOMESTIC FINANCIAL MARKETS, DUE DILIGENCE, DURABLE, DURABLES, EMBARGO, EMERGING MARKETS, ENABLING ENVIRONMENT, EQUITY INVESTMENT, EQUITY INVESTMENTS, FINANCES, FINANCIAL CRISES, FINANCIAL MARKET, FINANCIAL MARKETS, FINANCIAL RISK, FINANCIAL SECTOR, FINANCIAL SECTOR DEVELOPMENT, FINANCIAL SUPPORT, FINANCIAL SYSTEM, FIXED CAPITAL, FLAG, FOREIGN CURRENCY, FOREIGN DIRECT INVESTMENT, FRONTIER, FUTURES, GDP, GROSS DOMESTIC PRODUCT, GROSS FIXED CAPITAL FORMATION, HUMAN CAPITAL, IBRD, IFC, INCOME, INFLATION, INFLATION RATE, INFORMATION TECHNOLOGY, INFRASTRUCTURE DEVELOPMENT, INSTRUMENT, INTERNATIONAL BANK, INTERNATIONAL DEVELOPMENT, INTERNATIONAL FINANCE, INTERNATIONAL MARKETS, INVESTING, INVESTMENT ACTIVITIES, INVESTMENT CLIMATE, INVESTMENT CLIMATES, INVESTMENT DECISIONS, INVESTMENT PROJECTS, INVESTMENT RATINGS, LIENS, LIQUIDITY, LOAN, LOCAL CURRENCY, MANDATES, MARKET RISK, MATURITY, MEETING, MEETINGS, MICROFINANCE, NATURAL RESOURCES, PEER REVIEW, PERFORMANCE APPRAISAL, PORTFOLIO, PORTFOLIO PERFORMANCE, PORTFOLIOS, PRIVATE CAPITAL, PRIVATE INVESTMENT, PRIVATE INVESTMENTS, PRIVATIZATION, PRODUCTIVE INVESTMENT, PROFITABILITY, PROJECT APPRAISAL, RATING SYSTEMS, RECONSTRUCTION, RETAINED EARNINGS, RETURN, RETURNS, RISK FACTORS, RISK MANAGEMENT, RISK MANAGEMENT SYSTEMS, ROADS, RURAL FINANCE, SCARCE CAPITAL, SETTLEMENT, SUB-SAHARAN AFRICA, SUBSIDIARY, TAX, TECHNICAL ASSISTANCE, TRADE FINANCING, TRANSPORT,
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
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