World Bank Group Launch July 14, 2014 Stefan Apfalter Senior Evaluation Officer, IEG
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Transcript of World Bank Group Launch July 14, 2014 Stefan Apfalter Senior Evaluation Officer, IEG
World Bank Group Support to Public-Private Partnerships FY02-12Lessons from an IEG Evaluation of World Bank Group Experience
World Bank Group Launch July 14, 2014Stefan Apfalter Senior Evaluation Officer, IEG
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Title of Presentation 3
Can the WBG’s $1.9 billion really make a difference?
IEG evaluated 134 countries on 811 PPP interventions
through the entire PPP cycle over the period FY02-12
What works• More strategic country
approach
• Address political economy factors
• Shift IFC investments
• Better M&E
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More Strategic Country Approach
Advise Governments onIf and How
Comprehensive diagnostics
Readiness of sector
Public sector capacity
Fiscal implications
Integrated in NIPs
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PPP diagnostics
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Government committedSpace for PPPsCivil society engaged
Capital marketsContinent liabilitiesPipeline of bankable PPPs
2Sector regulationsPPP policyCapable institutions
Target the right countries
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• WB and IFC AS reaches nascent countries
• MIGA support nascent and emerging countries
• IFC IS too often in developed countries
SIGNIFICANT OVER WEIGHTING
OF NASCENT COUNTRIES
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WB in nascent countries
% = relative share of accumulated GDP
Addressing Political Economy Factors
Engaging with stakeholders
Sector reform is foundation of success, but 45 % of WB efforts fail
Government commitment requiredStart with low hanging fruit
Broad and early engagement
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Commitment for PPP structuring
• 50 % of IFC AS‘ PPP structuring mandates did not materialize due to lack of government commitment
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Shift IFC Investments
Overemphasizing mature countries
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OVER WEIGHTING OF DEVELOPED COUNTRIES
% = PPP market in these countries
Increasing development footprint
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• IFC can increase its additionality by investing more in less mature countries
• Development outcome ratings unchanged
• Set early demonstration effect
MIGA is more pioneering
EFFECTIVELY TARGETS
EMERGING AND NASCENT
COUNTRIES
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Better M&E
PPP’s effect on the poor unknown
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Data
NO Data
Moving Forward
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More strategic
advice
Improved stakeholder consultation
Shift IFC investments
Improve M&E and steer PPP
PPPCCSA
Thank you!