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Nepal - Completion and learning review for the period FY14-FY18 : IEG review (Inglês)

This review of the World Bank Group’s Completion and Learning Review (CLR) covers the period of the Country Partnership Strategy (CPS), FY14-FY18, and updated in the Performance and Learning Review (PLR) of February 21, 2017. This is the first CPS following three consecutive Interim Strategy Notes (ISN) in FY07, FY09, and FY11. Nepal is a low-income country with an average GNI per capita of $733 (2014-2016) and a population of 28.9 million in 2016. GDP per capita growth slowed to 0.6 percent in 2016 and inflation peaked at 12 percent in 2015-2016. The IMF estimates GDP growth at 7.5 percent for 2016-2017, and 5 percent in 2017-2018. The 2016 UNDP Human Development Index ranks Nepal 144 out of 188 countries. Poverty incidence fell from 46 percent in 1996 to 15 percent in 2011; and, it has continued to fall since then according to the Systematic Country Diagnostics (SCD, 2017). From 2004 to 2011, the consumption of the bottom 40 grew twice as fast as the top 60. But, inequality across regions and ethnic groups has been a source of political upheaval. During the CPS period, the country experienced two exogenous shocks and major political transitions. Two earthquakes (April and May 2015) took 9,000 lives and destroyed or damaged assets for approximately one quarter of the country’s GDP. Trade and fuel disruptions in 2015 further impacted economic activity. After the conflicting parties signed a peace treaty in 2006, Nepal has undergone a critical political transition, which culminated in 2015 with a new constitution that veers towards federalism. IEG concurs with key lessons from the CLR which are summarized as follows: (i) the important contribution of a solid knowledge base and outreach for policy reform in a difficult political environment; (ii) the need to find the right and adequate instruments that fit the fragile implementation environment; (iii) attention to selectivity not just regarding the number of objectives but also of instruments so as to not overwhelm implementation capacity; (iv) the need for a multi-pronged approach to implementation; (iv) the critical role of WBG leadership and coordination with Development Partner community; (v) the limitation of the community managed interventions from the perspective of impact and sustainability; and (vi) the need to focus results beyond project levels.

Detalhes

  • Data do documento

    2018/07/26

  • TIpo de documento

    Revisão do Relatório de Conclusão da CAS

  • No. do relatório

    129164

  • Nº do volume

    1

  • Total Volume(s)

    1

  • País

    Nepal,

  • Região

    Sul da Ásia,

  • Data de divulgação

    2018/08/17

  • Disclosure Status

    Disclosed

  • Board Meeting Date

    2018-08-07T00:00:00Z

  • Nome do documento

    Nepal - Completion and learning review for the period FY14-FY18 : IEG review

  • Palavras-chave

    access to safe drinking water; rural water supply and sanitation; results framework; social and environment safeguard; Analytic and Advisory Activities; South Asia Regional Integration; access to financial service; broad range of stakeholders; access to higher education; Environmental and Social Safeguard; economic and sector work; climate change and environment; financial sector stability; quality of health; earthquake reconstruction; local generation capacity; identification of risks; increased agricultural productivity; financial inclusion; business environment; cases of corruption; mother and child; division of labor; mobilization of resource; conflict and fragility; effective service delivery; public-private partnership; net enrollment rate; micro finance institution; area under irrigation; financial sector indicator; Public Financial Management; social development practice; fragile and conflict; secondary education enrollment; Sustainable Energy Finance; public private partnership; income generation activities; increase in population; Finance and Agriculture; financial sector investment; short term trade; reduction in travel; health and nutrition; skilled birth attendants; lack of commitment; women headed household; agriculture and forestry; milk production increase; foreign direct investment; high value commodity; milk per cow; analytical and advisory; allegations of corruption; long term finance; power purchase agreement; Access to Education; access to finance; trade and investment; Energy Sector; project size; political disturbance; regulatory environment; political environment; political transition; vulnerable population; skill development; donor coordination; natural disaster; nutrition service; Political Economy; trade finance; equitable access; disbursement ratio; Social Protection; Housing reconstruction; peace treaty; Advisory services; fiscal issue; fund activity; fragile environment; journey time; microfinance institution; institution building; Rural Poor; political risk; conflict situation; political upheaval; net disbursements; marginalized group; Learning and Innovation Credit; portfolio performance; gainful employment; ethnic group; hydro development; development partner; short-term measures; nutrition policy; productive sector; commercialization objective; bridge improvement; hydro sector; load shedding; generating capacity; increased imports; solar plant; hydropower rehabilitation; beneficiary household; income increase; Electric Power; accredited institution; agricultural commodity; productivity increase; social indicator; private investment; tourism services; investment climate; registered business; macroeconomic situation; existing capacity; enterprise registration; household benefit; micro enterprise; short-term training; bank asset; economic recovery; tracer study; SME banking; payment system; skilled professional; open defecation; public latrine; walking distance; productive asset; safeguards compliance; agriculture sector; trade sector; alleged discrimination; affected communities; exogenous shock; mitigation measure; satisfactory rating; risk identification; international community; project intervention; social inclusion; Financial Stability; external connectivity; financial resource; electricity production; credit financing; political change; increased access; national leadership; political situation; civil society; political party; political parties; water sector; limited capacity; government support; investment need; capacity constraint; active portfolio; electricity sector; government priority; comparative advantage; financial infrastructure; transaction cost; extreme poverty; road safety; employment creation; market capacity; trust funded; increased supply; program objectives; support sme; potential energy; social standard; fiscal institution; portfolio review; commercial rates; strategic focus; real gdp; poverty incidence; gini coefficient; extensive consultation; investment fund

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