Transcript Presentation - Independent Evaluation Group

World Bank Group
Support to PublicPrivate Partnerships
FY02-12
Lessons from an IEG Evaluation
of World Bank Group Experience
World Bank Group Launch
July 14, 2014
Stefan Apfalter
Senior Evaluation Officer, IEG
2
Can the WBG’s $1.9 billion really make a
difference?
IEG evaluated 134 countries
on 811 PPP interventions
through the entire PPP cycle
over the period FY02-12
Title of Presentation
3
What works
• More strategic country
approach
• Address political
economy factors
• Shift IFC investments
• Better M&E
4
More
Strategic
Country
Approach
Advise Governments on
If and How
Comprehensive diagnostics
 Readiness of sector
 Public sector capacity
 Fiscal implications
 Integrated in NIPs
6
PPP diagnostics
1
Government committed
Space for PPPs
Civil society engaged
2
Sector regulations
PPP policy
Capable institutions
3
Capital markets
Continent liabilities
Pipeline of bankable PPPs
7
Target the right countries
• WB and IFC AS reaches
nascent countries
• MIGA support nascent
and emerging countries
• IFC IS too often in
developed countries
8
WB in nascent countries
SIGNIFICANT
OVER WEIGHTING
OF NASCENT
COUNTRIES
% = relative share of accumulated GDP
9
Addressing
Political
Economy
Factors
Engaging with stakeholders
 Sector reform is foundation of success,
but 45 % of WB efforts fail
 Government commitment required
Start with low hanging fruit
Broad and early
engagement
11
Commitment for PPP structuring
• 50 % of IFC AS‘ PPP structuring mandates did not
materialize due to lack of government commitment
12
Shift IFC
Investments
Overemphasizing mature countries
OVER WEIGHTING OF
DEVELOPED
COUNTRIES
% = PPP market in these countries
14
Increasing development footprint
• IFC can increase its
additionality by investing
more in less mature
countries
• Development outcome
ratings unchanged
• Set early demonstration
effect
15
MIGA is more pioneering
EFFECTIVELY
TARGETS
EMERGING AND
NASCENT
COUNTRIES
16
Better M&E
PPP’s effect on the poor unknown
NO Data
Data
18
Moving Forward
More
strategic
advice
Improved
stakeholder
consultation
PPP
CCSA
Shift IFC
investments
Improve M&E
and steer PPP
19
Thank you!