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Country-focused analysis from international financial and development institutions will be brought together and accessible to decision-makers, researchers and the civil society
Leading development finance institutions have launched a new joint website that provides in-depth economic analysis of the countries they support and helps them address key challenges.
The Country Diagnostic Platform (www.countrydiagnostics.com) will publish diagnostic papers that identify obstacles to progress as well as opportunities for development.
They can serve as the basis for country strategies guiding the investment and policy work of the six institutions taking part in the initiative: the European Bank for Reconstruction and Development (EBRD), European Investment Bank (EIB), the International Financial Corporation (IFC), the World Bank (WB), together with development agencies of the United Kingdom (DfID) and Sweden (SIDA).
For some institutions which are involved in or have a specific focus on private sector development, such as the EIB, EBRD and IFC, the diagnostics focus on constraints to private sector growth and how they can be overcome.
The website was launched on April 10, 2019, during the Spring Meetings of the IMF and the World Bank Group in Washington, D.C., and provides access to more than 170 links to diagnostics from the six institutions.
Speaking at the launch, Hans Peter Lankes, IFC’s Vice President of Economics and Private Sector Development: “Country diagnostics are a key building block for IFC’s strategy. They help our client countries to identify opportunities and prepare reforms to create and grow markets through increasing private investment. The Country Diagnostic Platform is a great opportunity for us to share findings with others and seek coordination in supporting our clients”.
International financial institutions have been developing their own country diagnostic tools for a number of years now to help shape their individual priorities and inform their engagement with authorities in countries of operations.
In order to share this information effectively across the institutions, the six groups formed a Country Diagnostic Working Group that allowed for cross-referencing and cross-institutional collaboration. The website brings all this work together in one platform.
Following the launch of the new website at the Spring Meetings, the Working Group will come together again in Washington, D.C., in May. The May session will focus on methodologies, technical issues and use of country diagnostics in shaping the programmes of the six institutions and helping to make sure they maximize the impact of their activities in accordance with their mandates.