The World Bank Group was a principal founding partner of the Global Environment Facility (GEF) in its pilot phase in 1991, and of the restructured GEF in 1994. The Bank plays three different roles in the GEF: (a) as trustee of the GEF and related trust funds, (b) as implementing agency,...

Public-private partnerships (PPPs) are long-term contracts between a private party and a government agency that strive to provide a public asset or service in which the private party bears both some risk and some management responsibility. If implemented well, PPPs can help overcome inadequate...

The health of the private sector in developing countries depends on a well-functioning investment climate. The World Bank Group has provided extensive support to investment climate reforms. The Independent Evaluation Group assesses this support and makes several recommendations to enhance its...

The development community is increasingly accepting the importance of evidence, feedback, and learning. Some of which is generated through research, monitoring, and self-evaluation during policy-making, program design, and implementation. Others come from feedback from people directly affected...

The year 2015 is pivotal in international development. In the lead-up to 2000, the global community came together at various conferences to agree on, for the first time in known history, shared development goals. The eight Millennium Development Goals (MDGs) set 18 targets that were aimed at...

This report is the second in a program of evaluations that the independent evaluation group (IEG) is conducting on the learning that takes place through World Bank projects. Learning and knowledge are treated as parts of a whole and are presumed to be mutually reinforcing. The evaluation program...

Effective environmental and social risk management in development policy financing (DPF) is central to achieving the World Bank's goals of ending extreme poverty and promoting shared prosperity in a sustainable manner. If the World Bank is supporting far-reaching member country reforms that are...

In May 2005, the Bank adopted a new policy and new procedures on Additional Financing (OP/BP13.20) for investment lending, replacing the previous policy on supplemental financing. This policywas later revised in March 2012. This learning product assesses the performance of the...

The World Bank Group in 2013 made the elimination of extreme poverty by 2030 a central institutional focus and purpose. This evaluation examines how, and how well, the Bank Group has focused its support on poverty reduction over the past decade, and what lessons to draw from this moving forward....