This study evaluates IFC’s strategies for supporting Micro, Small, and Medium Enterprises (MSMEs), combined with IFC’s corporate focus on supporting private sector development in frontier countries (characterized by high-risk or low-income). This study covers fiscal years 1994 – 2006 and provides recommendations on how IFC’s performance can be improved. more...

This country review, the first one disclosed by the Independent Evaluation Group of IFC (IEG) covers IFC’s assistance to Ukraine from fiscal year (FY)1993, when Ukraine became a member of IFC, through FY2006. The study evaluates the results and analyzes the performance drivers of IFC’s investment and advisory operations in the country. In these past 14 years Ukraine has emerged as an independent state and has undergone a dramatic transition from a centralized planned economy to a nation with a thriving private sector. more...