By World Bank
For the realm financial institution and its companions, the ubiquitous try is to convey results-to carry humans out of poverty and advertise socially and environmentally sustainable improvement. reaching such luck in anybody kingdom is more and more intertwined with making development on shared international demanding situations. The 2008 Annual assessment of improvement Effectiveness, an self sufficient review, provides proof at the Bank's efforts in very important and hooked up parts: monitoring results of financial institution initiatives and state courses; and development in fostering worldwide public items, comparable to retaining the earth's weather and fighting the unfold of risky communicable illnesses.
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Extra resources for 2008 Annual Review of Development Effectiveness: Shared Global Challenges
8 This absolute level of performance still meets the 75 percent target set by the Bank a decade ago, although it is lower than the 80 percent benchmark noted by the Bank’s own Quality Assurance Group (QAG) in recent annual reviews. If a 75 percent threshold for project portfolio performance is considered reasonable, given the risks of the “development business,” then this one-year drop, by itself, is not too worrisome. But certainly vigilance is needed to ensure that this drop does not foreshadow a persistent decline.
Many of these IEG findings are echoed in reports from the Bank’s Quality Assurance Group. The QAG’s most recent Quality of Supervision (QSA7) assessment noted satisfactory focus on management of inputs and outputs, but less so on outcomes (World Bank 2007a). The QAG’s latest quality at entry assessment (World Bank 2008b) found improvements in results framework design (where more than 95 percent of the project were rated marginally satisfactory or better), but also observed that project development objective clarity and realism, consistency of project design with outcomes, and impact and outcome measurement could be improved.
But the Bank has to find ways to deliver outcomes in adversity, as a central part of its mission. Indeed, this can be done, as illustrated in the Bank’s $220 million investment to assist war-affected households in Africa’s performance improved the most of any Region but still lags behind other parts of the Bank. 12 northern Ethiopia. By removing landmines, building new homes, and equipping households with basic goods and agricultural inputs—including seeds and fertilizer—some 67,000 families returned home, rebuilt their lives, and generated new economic activity, which delivered a 50 percent return on the project’s investment.
2008 Annual Review of Development Effectiveness: Shared Global Challenges by World Bank