This evaluation of the World Bank Group’s investment climate reform programs in Sub-Saharan Africa assesses the level of impact that has been achieved over the course of six years of engagement in five countries: Burkina Faso, Liberia, Rwanda, Sierra Leone, and South Sudan. The report focuses on cost savings that accrue to private firms as a result of specific reform interventions, as well as the wider impact on investment growth and job creation. It also pilots the use of a sustainability checklist to assess whether reforms started have maintained momentum.
The evaluation finds the evidence of investment climate reform impact to be greatest in Rwanda, in terms of cost savings to businesses, investment generated, and jobs created. Across the board the sustainability of reform efforts appears to be strong.
This work was conducted as an independent evaluation by Economisti Associati, jointly financed by the World Bank Group and the United Kingdom’s Department for International Development. For more information about this study and its findings contact Aref Adamali.