Evaluation of IFC’s Advisory Services in Eastern Europe & Central Asia

This review by IFC’s Independent Evaluation Group assesses, for the first time, the performance of the IFC Advisory Services Private Enterprise Partnership program in the countries of the Commonwealth of Independent States.

The aim of the review was to promote accountability and derive lessons to guide future IFC advisory services worldwide. Main findings:

• The program was largely successful, with almost two-thirds of projects achieving strong development effectiveness results.
• Factors that helped achieve the set objectives included the program’s management structure, product line specialization, focus on replicable projects, reliance on local staff, strong project implementation, emphasis on target outcomes, and long project life.
• The program’s potential effectiveness was limited by the funding mechanisms’ design, weaknesses in front-end needs assessment, and adaptation of product roll-outs to country needs and conditions.

For additional information contact:

Sona Panajyan
Communications Analyst
Phone: (202) 473-9751
E-mail: SPanajyan@ifc.org