Ratings for the Public Sector Strengthening Program for Argentina were as follows: outcomes were satisfactory, the Bank performance was satisfactory, and the monitoring and evaluation (M&E) was substantial.
... See More + Some of the lesson learned: Results-based financing to align reform incentives. The benefits of having a results-based financing instrument are twofold. First, it placed the focus on results: during project design, the dialogue with provincial authorities and technical officials centered around priorities and strategic policies and programs, as opposed to focusing on inputs/activities; during implementation, the World Bank team’s contribution was directed to help unlock bottlenecks and improve communication and coordination among the areas, with the aim of achieving the results indicators and, ultimately, the expected outcomes. Second, it helped align incentives and set a road map for advancing the Government reform program, in addition to ensuring sustained availability of resources for the implementation of such reforms.Ensuring risk mitigation measures do not create other risks.monitoring and evaluation framework as an instrument to track progress and guide dialogue with sectors. Subnational public management strengthening is critical to pave the way for improving service delivery in any sector.Value of direct World Bank support to provinces.This operation has transformed the public sector in La Rioja and paved the way to improve how policies are planned, designed, and executed in line ministries, with the introduction of concepts and methodologies related to performance management and improved capacities to mobilize own resources.
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Implementation Completion and Results Report ICR4466 JUN 22, 2018
Indonesia has experienced strong economic growth and steady poverty reduction over the past decade,but the end of the commodity boom, accompanied by slowing poverty reduction and rising inequality, has put pressure on the country's overall economic development.
... See More + Indonesia's average annual growth rate was 5.6 percent in the period 2001-12, equivalent to a GDP per capita of about US 3,500 dollars. The national poverty rate was halved to 11.2 percent in the period from 1999 to 2015, largely through sustained growth and job creation. However, the decline in commodity prices and demand slowed growth to 4.8 percent in 2015 and 5.1 percent in 2016. The pace of poverty reduction also began to stagnate around this time, with a near zero decline in 2015, accompanied by rising inequality, from 30 points in 2000 to 41 points by 2014, as measured by the Gini coefficient.
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Accurate and comprehensive debt data are a corner stone in sound borrowing and lending practices. Policy makers in debtor countries require this information to make informed and appropriate borrowing decisions, in order to safeguard debt sustainability and macroeconomic stability.
... See More + Creditors, donors, analysts, and rating agencies, require it to make accurate assessment of sovereign financing needs and creditworthiness, and to appropriately price debt instruments. Finally, the public requires this information to hold the government accountable for its fiscal management, and to enable citizens to participate more actively in governance, potentially reducing corruption. While country authorities have the primary responsibility to report transparently their debt data, IFIs also have a role to play in supporting transparency and sustainable lending practices. The IMF and the World Bank collect and disseminate debt statistics that are used by a wide range of stakeholders; produce published analyses of public debt data via debt sustainability analyses (DSAs); support countries’ efforts to produce medium-term debt management strategies (MTDSs); publish information on countries’ borrowing capacity; and directly liaise with multilateral, bilateral, and private creditors. All of these efforts provide important support to borrowers and lenders in their decision making. This note details the IMF and World Bank role, and is structured as follows: the next section discusses the two institutions’ efforts in collecting and disseminating debt statistics. The third section examines the debt analyses carried out by the two institutions through DSAs and MTDSs and the fourth section looks at the two institutions’ support for sustainable lending practices. Each section concludes with a forward-looking agenda.
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Working Paper 128725 JUN 13, 2018
World Bank Group; International Monetary FundDisclosed
The development objective of Second Programmatic Electricity Distribution Reform Development Policy Loan for Rajasthan for India are to support the turnaround of the electricity distribution sector in Rajasthan, by (a) strengthening the governance framework, (b) enhancing policies to restructure its finances, and (c) improving its operational performance.
... See More + This operation is the second in a series of two Development Policy Loans (DPLs) that supports the Government of Rajasthan (GoR)’s program for the turnaround of the distribution sector in Rajasthan under the 24x7 Power for All (PFA) program. The World Bank has recently also prepared a Rajasthan-Inclusive and Sustained Growth Report, which confirms the importance of freeing up resources from power sector subsidies toward higher priority spending on human and physical capital accumulation.
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