Sound public financial management and public debt management are critical to informing and implementing fiscal policy and to achieving the World Bank Group's twin goals. When support for these two areas is complementary, public finance and debt management (PFDM) ensures that scarce public...

The Management Action Record (MAR) is a key element of the World Bank Group's accountability framework. The MAR supports accountability in the follow-up of Independent Evaluation Group (IEG) evaluation recommendations by enabling meaningful tracking, dialogue, and self-assessment of World Bank...

The World Bank Group's success rests on its ability to help its client countries achieve the development outcomes they desire. This demands a strong outcome orientation at the country-level, defined as the Bank Group's ability to generate feedback on what works, what does not, and why, use this...

This report is an annual review of the development effectiveness of the World Bank Group. The report assesses the World Bank Group's performance by analyzing the achievement of project and program objectives through validated ratings and by classifying these objectives according to their outcome...

For the Independent Evaluation Group (IEG), fiscal year (FY) 20 was a year of both internally and externally driven reform. IEG began the year with a mission to listen to the needs of our clients and stakeholders and improve our methods, relationships, and products to increase the relevance and...

The Clean Energy Transition-the pathway for decarbonizing global energy-is essential to foster inclusive and sustainable growth while addressing climate change. Based on EIA forecasts, IEG estimates that annual global financing for RE needs to double, from $300 billion to $600 billion (2017 US$)...

This first-of-its-kind evaluation assesses the scope of the World Bank Group's convening power and how effectively it is deployed. The report finds that the Bank Group's comparative advantages give it strong convening power that it uses on many development issues. In so doing, it meets the...

This evaluation provides lessons that could inform IFC's approach to the deployment of the blended finance instrument. Blended finance is a risk mitigation tool for investments that find it difficult to attract commercial funding. Blended finance refers to the combination of concessional and...

In a year marked by change throughout the institution, the Independent Evaluation Group's commitment to rigorous analysis, innovative methodological approaches, and the sharing of knowledge and lessons remains its foundation. Though topics ranged from forced displacement to creating markets, the...

This evaluation examines how the World Bank has supported two types of professional development to improve teacher capacity-preservice and in-service training-and identifies how these drivers of education quality can be better designed, implemented, and scaled up