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| Effectiveness of the Bank's Approach to LICUS |
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The Bank's implementation experience in LICUS has been mixed.
- Its operational readiness to engage in LICUS has improved.
- The Bank has contributed to macroeconomic stability and the delivery
of significant amounts of infrastructure, especially in postconflict
countries.
- The Bank's effectiveness needs to be improved after the immediate
post-conflict phase, when structural change is needed.
- The Bank has not yet sufficiently internalized political understanding
in its country strategies.
- Its reform agenda in LICUS has lacked selectivity and prioritization.
- The strong donor coordination at the international policy level
needs to be replicated at the country level.
- State building has been made a central objective, despite the weak
record in capacity development and governance.
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The
Independent Evaluation Group (IEG) is an independent unit within the World
Bank; it reports directly to the Bank's Board of Executive
Directors. The goals of IEG 's evaluations are to draw lessons
from Bank experience, and to provide an objective basis for
assessing the results of the Bank's work.
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