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Ecuador - Country assistance evaluation (Inglês)

This Country Assistance Evaluation (CAE) focuses on the Bank's 1990s experience in Ecuador, relative to the 1993 country assistance strategy (CAS), regretfully, a strategy which underestimated the risks associated with society's weak commitment to reform. During the period FY94-98, the Bank moved too strongly, and too fast into a high lending scenario; as experienced, only one of the CAS objectives - re-negotiation of the external debt - was substantially achieved, with meager progress results on poverty alleviation, public sector reform, and private sector development. Thus, the efficacy of the strategy fell short of satisfactory standards, and with respect to efficiency, standard benchmarks place the country's program within Bank-wide averages. Ratings on outcomes, and institutional development impacts were also average, but with comparatively very few projects - forty two percent - achieving sustainable benefits. However, investment projects did far better than adjustment operations, only half of which were satisfactory. Overall, the Bank assistance over the CAS period is rated unsatisfactory, sustainability unlikely, and institutional development impacts modest.

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