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Nicaragua - Country partnership strategy for the period FY08-FY12 : IEG CPSCR review (English)

This review examines the implementation of the Nicaragua Country Partnership Strategy (CPS) of FY08 and the CPS Progress Report (CPSPR) of FY10, and assesses the CPS Completion Report (CPSCR). The strategy was jointly implemented by International Development Association (IDA) and International Finance Corporation (IFC), and this review covers the joint program of the two institutions. The World Bank Group (WBG) strategy aimed to support the Government's development objective of wealth creation and poverty reduction through more broadly shared economic growth. The strategy was organized under four pillars: (i) reactivating the economy, stimulating productivity and competitiveness; (ii) human capital development by improving social equity and opportunity; (iii) infrastructure and sustainable development; and (iv) strengthening governance and accountability by modernizing state institutions and promoting citizen participation. To better reflect the government's pro-poor focus, the CPSPR re-organized these strategic objectives under three pillars by combining (ii) and (iii) above. Independent Evaluation Group (IEG) rates the overall outcome of WBG assistance to Nicaragua as moderately satisfactory, concurring with the CPSCR rating. Under first pillar, the Bank played a minor role in helping Nicaragua maintain a stable macroeconomic framework. Some progress was made in improving the business environment and in developing micro-enterprises' access to credit, but there is no information on the extent to which this has led to further diversification and growth of the MSME sector. Progress was also made in improving land registration, although a visible impact on land tenure security is likely to take longer. The Bank contributed to Nicaragua's improving agricultural productivity, albeit with delays in project implementation. The CPSCR summarizes the main lessons from the CPS period as: maintaining flexibility in response to emerging opportunities, including shifting resources from budget support to investment lending; developing a transparent Monitoring and Evaluation (M&E) system to stimulate good governance; avoiding the proliferation of small operations that threaten to strain supervision resources; consolidating the portfolio around key lines of action; and focusing on institutional capacity building for engagement with the autonomous regions.

Details

  • Document Date

    2012/11/02

  • Document Type

    CAS Completion Report Review

  • Report Number

    73497

  • Volume No

    1

  • Total Volume(s)

    1

  • Country

    Nicaragua,

  • Region

    Latin America & Caribbean,

  • Disclosure Date

    2012/11/19

  • Disclosure Status

    Disclosed

  • Doc Name

    Nicaragua - Country partnership strategy for the period FY08-FY12 : IEG CPSCR review

  • Keywords

    Micro, Small and Medium Enterprise;world development indicator;rural households with access to electricity;access to potable water;maternal and child health care;National Monitoring and Evaluation System;rural area;land tenure security;access to health service;Access to Energy;Primary and Secondary Education;medium term expenditure framework;economic and sector work;natural disaster vulnerability reduction;fossil fuels for energy;Cost of Doing Business;Analytic and Advisory Activities;protection property right;primary school completion rate;infant and child mortality;constraints to poverty alleviation;internal monitoring and evaluation;access to infrastructure service;poverty reduction outcome;cost of power generation;poor cost recovery;development of forest;Planning and Financial;chronic child malnutrition;natural resource utilization;net primary enrollment;macroeconomic framework;agricultural productivity;institutional capacity building;quality of water;public sector accountability;Governance and Accountability;Natural Resource Management;human capital development;access to water;global financial crisis;public investment planning;sustainable resource utilization;budget support;millennium development goal;Land Registration System;land administration system;secure property right;epidemiological surveillance system;sectoral expenditure policy;current account deficit;concentration of poverty;primary school child;private sector provider;increased agricultural productivity;oil price crisis;primary school enrollment;reduction in poverty;interest rate cap;public sector institution;social security system;agriculture and forestry;primary completion rate;improvement in governance;human development ranking;vehicle operating cost;service delivery models;global economic crisis;analytical and advisory;effective service delivery;poor rural household;sources of fund;central government entity;quality of energy;allegations of fraud;generation of electricity;financial sector stability;maternal mortality rate;country economic memorandum;health care service;Natural Resources;sustainable use;chronic malnutrition;development partner;strategic objective;review period;external market;health outcome;

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Citation

Nicaragua - Country partnership strategy for the period FY08-FY12 : IEG CPSCR review (English). Washington, D.C. : World Bank Group. http://documents.worldbank.org/curated/en/358051468053327783/Nicaragua-Country-partnership-strategy-for-the-period-FY08-FY12-IEG-CPSCR-review