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Republic of Congo - Public Enterprise Institutional Development Project (PEIDP), the Economic Recovery Credit Project (ERC), and the Privatization and Capacity Building Project (PCBP) (Inglês)

The outcomes of all three projects was adversely affected by resistance to reform, civil unrest resulting from political instability, a continuing exchange rate crisis, and oil price volatility. Project outcome of all three projects is rated moderately unsatisfactory. Project sustainability of the PEIDP and the PDBP is rated non-evaluable because the privatization program has not been completed and it is unclear what its eventual impact will be. The ERC is rated highly unlikely because of political uncertainty, among other factors. This assessment rates borrower performance under the PDEIP as unsatisfactory, while rating performance under the ERC and the PCBP as satisfactory. World Bank performance is rated satisfactory for the PDEIP and unsatisfactory for both the ERC and the PEIDP. The main findings are: Too broad an agenda is likely to run into difficulties. Using poorly defined "windows of opportunity" is risky. In politically fragile countries, rigorous political risk analysis needs to be updated frequently and needs to include an evaluation of the views of important political and social groups whose support is needed to continue the reform process. A longer term reform program needs to be complemented by investments which address pressing social issues, like creating employment and providing training for transitioning from the civil service to the private sector or to self-employment.




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