This video showcases the support provided by the International Finance Corporation (IFC) to develop the banking sector in the Caribbean. In the video, interviewers share their lessons learned and recommendations from the Republic II Project implemented in Trinidad and Tobago. The project helped Republic Bank to finance the privatization of Barbados National Bank (BNB). The Republic II Project is a winner of the Independent Evaluation Group's 2009 XPSR Award. This vidoe profiles Carlos Mayorga, Portfolio Head, Latin American and Caribbean, Global Financial Markets Department, IFC and Alejandra Cohen, Investment Officer, IFC.
Publish Date: 6/7/10
IEG evaluated the performance of IFC’s energy efficiency finance program in China aimed at stimulating energy efficiency investments through bank guarantees and advisory services. This was the first IEG evaluation to assess the performance of IFC programs in the area of climate change, a strategic pillar for IFC. As part of this evaluation IEG also reviewed IFC's past similar operations in Eastern Europe and Russia to consolidate the lessons learned. CHUEE program evaluation is the first evaluation of IFC’s investment operations that focuses on impacts: assessing the differences made by the program by comparing it to a situation with no IFC intervention, conducting the analysis along the chain of interventions. The findings shed light on IFC’s program performance from a perspectives that is different from the conventional benchmarks and objective-based evaluations. China Utility-based Energy Efficiency Finance (CHUEE) Program (in Chinese)
Publish Date: 3/27/10
IEG evaluated the performance of IFC’s energy efficiency finance program in China aimed at stimulating energy efficiency investments through bank guarantees and advisory services. This was the first IEG evaluation to assess the performance of IFC programs in the area of climate change, a strategic pillar for IFC. As part of this evaluation IEG also reviewed IFC's past similar operations in Eastern Europe and Russia to consolidate the lessons learned. CHUEE program evaluation is the first evaluation of IFC’s investment operations that focuses on impacts: assessing the differences made by the program by comparing it to a situation with no IFC intervention, conducting the analysis along the chain of interventions. The findings shed light on IFC’s program performance from a perspectives that is different from the conventional benchmarks and objective-based evaluations. China Utility-based Energy Efficiency Finance (CHUEE) Program
Publish Date: 3/27/10
The World Bank Group’s support for health, nutrition, and population (HNP) has been sustained since 1997—totaling $17 billion in country-level support by the World Bank and $873 million in private health and pharmaceutical investments by the International Finance Corporation (IFC) through mid-2008. This report evaluates the efficacy of the Bank Group’s direct support for HNP to developing countries since 1997 and draws lessons to help improve the effectiveness of this support.
Publish Date: 6/22/09
In this year's report IEG provides a first global review of advisory services by IFC - knowledge services to private firms and governments in support of private sector development, such as customized training or advice on investment promotion and policy. IFC's advisory portfolio has grown tenfold, to nearly $1 billion, in the last seven years, and IFC now has more advisory than investment staff in the field. The substantial growth of this business line raises important questions related to the appropriate balance of advisory and investment services to ensure maximum development impact. Independent Evaluation of IFC's Development Results 2009
Publish Date: 3/23/09
IEG's Country Impact Review examines the effectiveness of IFC's operations in Nigeria from July 1998 to December 2007. In particular, this study evaluates whether IFC 1) successfully defined a relevant and appropriate strategy for helping Nigeria tackle its most pressing needs; 2) provided investment and advisory services that were reflective of IFC's strategy; and 3)
achieved positive development results.
Publish Date: 3/1/09
IEG’s Country Impact Review (CIR) evaluates IFC’s strategies and operations, and their outcome drivers in Indonesia, during fiscal year (FY) 1990-2006. The CIR’s main messages are: 1) while IFC's strategic priorities in Indonesia have been aligned with the country's private sector development needs, it has made little progress in supporting a larger private sector role in infrastructure and in helping deepen the financial markets. Increased private sector participation and IFC support for infrastructure development and for deepening the financial markets will depend on further government reforms.
The CIR calls for a stronger IFC role in infrastructure and capital market development, including by strategically and operationally partnering with the World Bank and other multilateral development banks to help dovetail sector reforms and investments. 2) IFC needs to strengthen the environmental supervision of its Indonesian projects. The current compliance rate on environmental aspects is significantly below the institutional average and should be improved. IFC in Indonesia: An Independent Country Impact Review
Publish Date: 9/1/08
This year’s annual Independent Evaluation of IFC’s Development Results (IEDR) reviews the development results related to 174 IFC-supported investment operations that reached early operating maturity during 2005-07. It also reviews, for the first time, preliminary results for IFC Advisory Services based on a pilot that evaluated 293 operations completed during 2004-06. As a second theme, the report provides a first ex-post look at the “additionality” (or unique role and contribution) of IFC’s operations.
Publish Date: 7/30/08
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.
Publish Date: 7/30/08
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.
Publish Date: 2/14/08
This evaluation assesses the performance of IFC's Private Enterprise Partnership advisory services program established in 2000 in Eastern European and Central Asian countries belonging to the Commonwealth of Independent States. The program was designed to improve investment climates, promote private investment, and facilitate the growth and development of small and media enterprises in the region. IEG chose to evaluate this program to promote accountability and derive lessons to guide IFC advisory work worldwide, given that other regional advisory services facilities have been emulating many PEP-ECA features.
Publish Date: 11/9/07
The Independent Evaluation Group fully discloses for the first time its Independent Evaluation of IFC's Development Results (IEDR).
The findings, which cover the last 10 years, indicate that IFC has effectively pursued its goal of promoting sustainable private sector investment in developing countries while maintaining its own profitability. IFC has performed well in its strategic priorities of investing in infrastructure and financial markets, as well as working in low-income and/or high-risk countries. However, IEG finds that IFC must strengthen its country-level strategic focus to complement its sectoral and regional involvement. Independent Evaluation of IFCs Development Results 2007
Publish Date: 3/27/07
IFC’s Independent Evaluation Group (IEG) reviewed IFC’s investments in the transport sector between 1990 and 2005. IEG found that: Between fiscal years (FY) 1990 and 2005, IFC made 125 transport com-mitments supporting projects with a capital value of $14 billion, investing $2.2 billion for its own account and mobilizing $1.4 billion of B-loans. On average, transport investments have accounted for about 6 percent of IFC commitments [PDF].
Publish Date: 3/22/07