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World Bank Group Support to Public-Private Partnerships FY02-12 Lessons from an IEG Evaluation of World Bank Group Experience. World Bank Group Launch July 14, 2014 Stefan Apfalter Senior Evaluation Officer, IEG. Can the WBG’s $1.9 billion really make a difference?.
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World Bank Group Support to Public-Private Partnerships FY02-12Lessons from an IEG Evaluation of World Bank Group Experience World Bank Group Launch July 14, 2014 Stefan Apfalter Senior Evaluation Officer, IEG
Can the WBG’s $1.9 billion really make a difference? IEG evaluated 134 countries on 811 PPP interventions through the entire PPP cycle over the period FY02-12 Title of Presentation
What works • More strategic country approach • Address political economy factors • Shift IFC investments • Better M&E
Advise Governments onIf and How • Comprehensive diagnostics • Readiness of sector • Public sector capacity • Fiscal implications • Integrated in NIPs
PPP diagnostics 1 Government committed Space for PPPs Civil society engaged 2 Sector regulations PPP policy Capable institutions 3 Capital markets Continent liabilities Pipeline of bankable PPPs
Target the right countries • WB and IFC AS reaches nascent countries • MIGA support nascent and emerging countries • IFC IS too often in developed countries
WB in nascent countries SIGNIFICANT OVER WEIGHTING OF NASCENT COUNTRIES % = relative share of accumulated GDP
Engaging with stakeholders • Sector reform is foundation of success, but 45 % of WB efforts fail • Government commitment required • Start with low hanging fruit • Broad and early engagement
Commitment for PPP structuring • 50 % of IFC AS‘ PPP structuring mandates did not materialize due to lack of government commitment
Overemphasizing mature countries OVER WEIGHTING OF DEVELOPED COUNTRIES % = PPP market in these countries
Increasing development footprint • IFC can increase its additionality by investing more in less mature countries • Development outcome ratings unchanged • Set early demonstration effect
MIGA is more pioneering EFFECTIVELY TARGETS EMERGING AND NASCENT COUNTRIES
PPP’s effect on the poor unknown NO Data Data
Moving Forward More strategic advice Improved stakeholder consultation PPP CCSA Shift IFC investments Improve M&E and steer PPP