The World Bank's Country Policy and Institutional Assessment : An IEG Evaluation

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dc.creatorIndependent Evaluation Group
dc.date2013-05-24T20:43:20Z
dc.date2013-05-24T20:43:20Z
dc.date2010-09
dc.date.accessioned2026-07-01T01:06:27Z
dc.descriptionThe World Bank's Country Policy and Institutional Assessment (CPIA) assess the conduciveness of a country's policy and institutional framework to poverty reduction, sustainable growth, and the effective use of development assistance. The CPIA enters the calculation of country performance ratings that, since 1980, have been used to allocate International Development Association (IDA) resources to eligible client countries. This evaluation was undertaken at the request of Board members to assess the appropriateness of the CPIA as a broad indicator of development effectiveness and as a determinant of the allocation of IDA funds. As indicated in the approach paper, this evaluation reviews the effects of the CPIA ratings on IDA allocations but does not review the IDA allocation formula itself. The evaluation finds that the CPIA content broadly reflects the determinants of economic growth and poverty reduction identified in the economics literature, but some criteria need to be revised (such as the trade criterion that places much greater emphasis on imports than exports) and streamlined, and one criterion (assessment of disadvantaged socioeconomic categories other than gender) added. The CPIA ratings also correlate well with ratings of similar indicators, and more so for International Bank for Reconstruction and Development than for IDA countries. In part, this could be caused by the CPIA exercise's practice over the past several years of taking into account a country's stage of development, which also means that the CPIA is no longer an index in the true sense of the word. It is difficult to establish an empirical link between the CPIA and economic growth outcomes, although CPIA ratings are found to be positively associated with aid effectiveness in the narrower sense-specifically, the performance of Bank loans. The report lays out four recommendations: disclose International Bank for Reconstruction and Development ratings; discontinue the "stage of development" adjustment to the ratings; review and revise the content and clustering of the criteria; and discontinue the current aggregation of the criteria into an overall index.
dc.formatapplication/pdf
dc.formattext/plain
dc.identifier978-0-8213-8427-5
dc.identifierhttps://hdl.handle.net/10986/13547
dc.identifierhttps://doi.org/10.1596/978-0-8213-8427-5
dc.identifier.urihttp://hdl.handle.net/123456789/415257
dc.languageen_US
dc.publisherWashington, DC: World Bank
dc.rightsCC BY 3.0 IGO
dc.rightshttp://creativecommons.org/licenses/by/3.0/igo
dc.rightsWorld Bank
dc.subjectaccountability
dc.subjectaccounting
dc.subjectADB
dc.subjectAgriculture
dc.subjectAid Effectiveness
dc.subjectBank loans
dc.subjectBank management
dc.subjectBanking Sector
dc.subjectbenchmark
dc.subjectbenchmarking
dc.subjectbusinessmen
dc.subjectCompetitiveness
dc.subjectconflicts of interest
dc.subjectconsultation process
dc.subjectcontract enforcement
dc.subjectcorruption
dc.subjectcountry experts
dc.subjectcrime
dc.subjectDebt
dc.subjectdeveloped countries
dc.subjectDevelopment Assistance
dc.subjectdiscretion
dc.subjecteconometric analyses
dc.subjectEconomic Cooperation
dc.subjecteconomic growth
dc.subjecteconomics
dc.subjecteconomics literature
dc.subjectEffective Use
dc.subjectEmpirical analysis
dc.subjectEnvironmental
dc.subjectEnvironmental Policies
dc.subjectenvironmental regulations
dc.subjectexports
dc.subjectfactoring
dc.subjectfinancial management
dc.subjectFinancial Sector
dc.subjectfinancial services
dc.subjectfinancial stability
dc.subjectfiscal policy
dc.subjectForeign Exchange
dc.subjectForeign Exchange Regime
dc.subjectGDP
dc.subjectgood governance
dc.subjectgovernance challenges
dc.subjectgovernance performance
dc.subjectgovernance ratings
dc.subjectGross domestic product
dc.subjectGross national product
dc.subjectGross national product per capita
dc.subjectInequality
dc.subjectInflation
dc.subjectinstitutional framework
dc.subjectinsurance
dc.subjectInternational Development
dc.subjectinvestigation
dc.subjectjudicial independence
dc.subjectmacroeconomic management
dc.subjectMacroeconomic Performance
dc.subjectmacroeconomic stability
dc.subjectmicrofinance
dc.subjectmoney laundering
dc.subjectmultilateral development banks
dc.subjectnational income
dc.subjectpensions
dc.subjectPerformance Ratings
dc.subjectpolices
dc.subjectpolitical economies
dc.subjectpolitical participation
dc.subjectpoor governance
dc.subjectportfolio
dc.subjectprivate sector development
dc.subjectproblem loans
dc.subjectprocurement
dc.subjectProduct Markets
dc.subjectproperty rights
dc.subjectpublic debt
dc.subjectpublic expenditures
dc.subjectpublic sector management
dc.subjectregulatory framework
dc.subjectResource Allocation
dc.subjectResource Mobilization
dc.subjectresource use
dc.subjectRevenue Mobilization
dc.subjectrule of law
dc.subjectSafety Nets
dc.subjectsocial policies
dc.subjectsubsidiary
dc.subjectsustainable growth
dc.subjecttheft
dc.subjecttrade liberalization
dc.subjectTrade Policy
dc.subjecttransparency
dc.subjectunemployment
dc.subjecturbanization
dc.subjectvalue added
dc.subjectWorldwide Governance Indicators
dc.titleThe World Bank's Country Policy and Institutional Assessment : An IEG Evaluation

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