The 2005 Annual Report on Operations Evaluation (AROE) focuses on the country because it is the main unit of account for monitoring, managing, and evaluating performance. It examines Country Assistance Strategies (CASs) for how well they link country goals, CAS outcomes, and Bank programming. It...

The Financial Sector Assessment Program (FSAP) is a major initiative, undertaken jointly by the World Bank and the IMF, in response to the financial crises of the late 1990s. The ultimate objectives of the program are (i) the identification and resolution of financial sector vulnerabilities and...

The 2006 Annual Report on Operations Evaluation (AROE) updates the actions taken since the 2004 and 2005 AROEs to strengthen the results focus in monitoring and evaluation (M&E). First, it analyzes the implications of managing for results on Bank operations. Second, it assesses the extent to...

Home to almost 500 million people, roughly half of whom earn less than a dollar a day, fragile states, until recently known in the World Bank as Low-Income Countries Under Stress (LICUS), have attracted increasing attention. The Bank identified 25 such countries in fiscal 2005 based on their...