An Evaluation of World Bank Investment Climate Activities

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dc.creatorOperations Evaluation Department
dc.date2016-04-21T16:17:27Z
dc.date2016-04-21T16:17:27Z
dc.date2004-10-22
dc.date.accessioned2026-07-01T01:20:41Z
dc.descriptionThe Investment Climate Study is a evaluation of the Operations Evaluation Department (OED). The OED report reviews the Bank’s investment climate lending and non-lending activities during fiscal years 1993 through 2002-03. The report presents the collected findings of several evaluative exercises: a literature review; an analysis of investment climate themes in country assistance strategies and sector strategies; an analysis of lending operations as well as economic and sector work including survey-based diagnostic assessments; discussions with groups of international investors as well as with Bank staff; and client consultations and country case studies for five countries of Indonesia, Romania, India, Mozambique, and Peru. The key lessons learned are as follows: (i) the Bank’s non-lending intellectual and coordinating contributions can be as important as its financial contributions; (ii) institutional weaknesses in the form of administrative and regulatory barriers and poor property rights, as well as inadequate infrastructure and capability problems in public administration and private business, can continue to constrain growth; (iii) reform efforts must be coupled with a convincing analysis of the costs and benefits of reform, together with an exercise to set reform priorities, capacity building to address weaknesses of executing agencies, and efforts on the ground to achieve political consensus and commitment by government leaders to adopt and implement required reforms; (iv) partial programs may fall well short of achieving their objectives; (v) in cases where comprehensive reform programs are politically impossible, greater effort may be needed to prioritize what needs to be fixed first and what needs to be worked on in the longer run; (vi) reform efforts need people on the ground to help build required political commitment; and (vii) there may be a need for interventions to assist firms in these areas by way of vocational and in-firm training and cost-sharing subsidies for technology transfer to increase the possibilities for a growth response to investment climate reforms. The OED evaluation concludes with the following recommendations to improve Bank support for investment climate reforms: (i) pay more attention to institutions and the political economy of reform; (ii) improve the focus and use of survey-based diagnostics; (iii) do a better job of prioritizing and packaging investment climate reforms in lending operations; and (iv) find organizational solutions that help integrate microeconomic and macroeconomic reform agendas.
dc.formatapplication/pdf
dc.formattext/plain
dc.identifierhttp://documents.worldbank.org/curated/en/2016/03/26018607/evaluation-world-bank-investment-climate-activities
dc.identifierhttps://hdl.handle.net/10986/24109
dc.identifierhttps://doi.org/10.1596/24109
dc.identifier.urihttp://hdl.handle.net/123456789/417238
dc.languageEnglish
dc.languageen_US
dc.publisherWorld Bank, Washington, DC
dc.rightsCC BY 3.0 IGO
dc.rightshttp://creativecommons.org/licenses/by/3.0/igo/
dc.rightsWorld Bank
dc.subjectTARIFFS
dc.subjectSOCIAL COSTS
dc.subjectCAPITAL MARKETS
dc.subjectHOLDING
dc.subjectREGULATORY FRAMEWORK
dc.subjectBORROWER
dc.subjectSTRUCTURAL ADJUSTMENT
dc.subjectECONOMIC GROWTH
dc.subjectENVIRONMENTAL PROTECTION
dc.subjectPOLICY ENVIRONMENT
dc.subjectMACROECONOMIC MANAGEMENT
dc.subjectINSTITUTIONAL INVESTORS
dc.subjectAGRICULTURAL PRODUCTION
dc.subjectEXPECTATIONS
dc.subjectPROPERTY RIGHTS
dc.subjectEXCHANGE
dc.subjectBALANCE OF PAYMENTS
dc.subjectMACROECONOMIC CRISIS
dc.subjectFINANCIAL RESOURCES
dc.subjectRESOURCE ALLOCATION
dc.subjectDEBT MANAGEMENT
dc.subjectLABOR FORCE
dc.subjectDEVELOPING COUNTRIES
dc.subjectPOLITICAL ECONOMY
dc.subjectREVENUES
dc.subjectENVIRONMENTAL ISSUES
dc.subjectPORTFOLIO
dc.subjectINCENTIVES
dc.subjectLOAN
dc.subjectMACROECONOMIC CONDITIONS
dc.subjectMODELS
dc.subjectPRIVATE PROPERTY
dc.subjectSUSTAINABLE DEVELOPMENT
dc.subjectAGRICULTURAL OUTPUT
dc.subjectCONDITIONALITY
dc.subjectINTERNATIONAL BANK
dc.subjectCDF
dc.subjectINSTRUMENTS
dc.subjectECONOMIC ANALYSIS
dc.subjectRESOURCE USE
dc.subjectECONOMIC ACTIVITY
dc.subjectINTERNATIONAL FINANCE
dc.subjectOIL PRICES
dc.subjectINVESTMENT BEHAVIOR
dc.subjectLABOR COSTS
dc.subjectOIL
dc.subjectCROWDING OUT
dc.subjectJUDICIAL REFORM
dc.subjectOPTIONS
dc.subjectLABOR PRODUCTIVITY
dc.subjectQUOTAS
dc.subjectMARKET LIBERALIZATION
dc.subjectMARKETS
dc.subjectBARRIERS TO ENTRY
dc.subjectDEBT
dc.subjectINTERNATIONAL DEVELOPMENT
dc.subjectPUBLIC DEBT MANAGEMENT
dc.subjectBENEFIT ANALYSIS
dc.subjectINCOME LEVELS
dc.subjectECONOMIC POLICIES
dc.subjectDIRECT INVESTMENT
dc.subjectNATURAL RESOURCES
dc.subjectGROSS DOMESTIC PRODUCT
dc.subjectSUBSIDIES
dc.subjectFINANCE
dc.subjectEFFICIENCY
dc.subjectMARKET ECONOMIES
dc.subjectTAXES
dc.subjectTAX REFORMS
dc.subjectLAND USE
dc.subjectEFFECTIVE USE
dc.subjectINVESTMENT DECISIONS
dc.subjectTRANSACTIONS
dc.subjectRESOURCES
dc.subjectUNEMPLOYMENT
dc.subjectEMERGING MARKETS
dc.subjectPOTENTIAL INVESTORS
dc.subjectEQUITY
dc.subjectDEREGULATION
dc.subjectTRANSACTION
dc.subjectINVESTORS
dc.subjectMACROECONOMIC ENVIRONMENT
dc.subjectPRODUCTIVITY GROWTH
dc.subjectECONOMIC IMPACT
dc.subjectGOOD
dc.subjectWAGES
dc.subjectTRANSPARENCY
dc.subjectCOUNTRY RISK
dc.subjectFINANCIAL STABILITY
dc.subjectVALUES
dc.subjectCOMPLIANCE COSTS
dc.subjectFINANCIAL CRISIS
dc.subjectFOREIGN DIRECT INVESTMENT
dc.subjectCREDIT
dc.subjectDIVISION OF LABOR
dc.subjectFOREIGN INVESTMENT
dc.subjectSUSTAINABLE USE
dc.subjectMINES
dc.subjectSUSTAINABLE GROWTH
dc.subjectMACROECONOMIC CRISES
dc.subjectPUBLIC EXPENDITURES
dc.subjectENVIRONMENTS
dc.subjectEXPENDITURES
dc.subjectPUBLIC GOVERNANCE
dc.subjectPROPERTY
dc.subjectLOAN PORTFOLIO
dc.subjectTAX RATES
dc.subjectTRANSACTION COSTS
dc.subjectMARKET
dc.subjectENVIRONMENT
dc.subjectCONCEPTUAL FRAMEWORK
dc.subjectFOREIGN EXCHANGE
dc.subjectECONOMICS
dc.subjectSECURITIES
dc.subjectPUBLIC DEBT
dc.subjectEMPIRICAL RESEARCH
dc.subjectFISHERIES
dc.subjectECONOMIC DEVELOPMENT
dc.subjectTRADE
dc.subjectINVESTOR
dc.subjectLAND
dc.subjectINVESTMENT CLIMATES
dc.subjectECONOMIES OF SCALE
dc.subjectINVESTMENT
dc.subjectCOMMERCIAL BANKS
dc.subjectINTERNATIONAL INVESTOR
dc.subjectSHARE
dc.subjectCOMPARATIVE ADVANTAGE
dc.subjectADMINISTRATIVE PROCEDURES
dc.subjectCREDIT RATIONING
dc.subjectINVESTMENT CLIMATE
dc.subjectPOVERTY
dc.subjectFARMS
dc.subjectCOMPETITIVE MARKETS
dc.subjectNET WORTH
dc.subjectREVENUE
dc.subjectEMPIRICAL EVIDENCE
dc.subjectPROFIT
dc.subjectLENDING
dc.subjectLIVING CONDITIONS
dc.subjectECONOMISTS
dc.subjectTAX REFORM
dc.subjectTRANSITION ECONOMIES
dc.subjectPROFITS
dc.subjectENVIRONMENTAL
dc.subjectLABOR MARKETS
dc.subjectINTERNATIONAL INVESTORS
dc.subjectPRICES
dc.subjectGUARANTEE
dc.subjectECONOMIES
dc.subjectPUBLIC GOODS
dc.subjectCOMPETITION
dc.subjectCORPORATE GOVERNANCE
dc.subjectINVESTING
dc.titleAn Evaluation of World Bank Investment Climate Activities
dc.typeEvaluation
dc.typeÉvaluation
dc.typeManual

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