Power for Development: A Review of the World Bank Group's by Fernando Reyes Manibog, Rafael Dominguez, Stephan Wegner
By Fernando Reyes Manibog, Rafael Dominguez, Stephan Wegner
Energy for improvement evaluates the functionality of the realm financial institution crew in the course of the Nineteen Nineties in selling inner most quarter improvement within the electrical strength area. This joint assessment goals to notify the implementation of the realm financial institution Group's 2001 power enterprise Renewal procedure and the 2003 Infrastructure Plan. it's in accordance with an assessment of the area financial institution Group's guidance for personal region improvement of the electrical strength zone in eighty nations. the most messages of the file are: - the area financial institution team may still proceed to help inner most region improvement within the electrical strength quarter as a key target. Well-implemented financial institution crew actions during this zone can enhance quarter potency in international locations politically dedicated to the development of strength area reforms. - results of overseas Finance company and Multilateral funding warrantly organisation transactions were confident, however the Bank's project-level results have been disappointing, ordinarily as the financial institution underestimated the complexity and time required for reforms to accomplish lasting and equitable results. on the quarter point, results were terrible or, at most sensible, combined, other than in nations absolutely dedicated to reforms. - deepest area improvement of the electrical strength area is a piece in growth as the energy quarter reform technique is advanced, takes time, is resource-intensive, and calls for phasing and cautious sequencing to create the stipulations for region transformation. - a lot paintings continues to be to combine poverty relief and environmental mainstreaming into the layout of energy quarter reform and similar innovations, which thus far have targeted totally on quarter potency and macro-fiscal goals.
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Extra resources for Power for Development: A Review of the World Bank Group's Experience With Private Participation Inthe Electricity Sector (Operations Evaluation Studies)
Example text
The power sector is prone to corruption both internationally and locally because the stakes are high and the oppor1 POWER FOR DEVELOPMENT tunities for rent-seeking are plentiful. With politics, circumstances, and timing lying at the heart of power sector reform, the transformation process and its outcomes at each stage are fragile. Experience shows that progress and sustainability are highly susceptible to the local political economy and to macroeconomic shocks: Argentina, a successful reformer until recently, has fallen victim to both.
MIGA’s Operations Evaluation Unit (OEU) drew its findings from a review of MIGA’s electric power portfolio. Additionally, OEU synthesized the results of evaluations of eight mature projects, selected through random and stratified sampling of active and mature operations, representing 25 percent of all MIGA-supported projects in electric power generation during FY94–01. Scope and Limitations This study evaluates the WBG’s performance against its existing policy and strategic commitments to support PSDE.
World Bank, April 1999. of the Bank’s PSDE portfolio suggests that satisfactory (or unsatisfactory) outcomes are not associated with a project being freestanding or a component of a larger project (see Annex E). These outcomes are also not fully explained by type of instrument or heavy Bank inputs of ESW/AAA. Good PSDE outcomes are driven mainly by country factors, including the country commitment, broad-based ownership, strong local champions, a clear road map, and early wins. The relevance and timing of the Bank’s interventions and its ability to effectively navigate the local political economy are important supporting factors.