By Robert Picciotto, Ray C. Rist

Court cases of the 1994 global financial institution convention. review and improvement with case reviews.

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Extra resources for Evaluation and Development: Proceedings of the 1994 World Bank Conference (Evaluation Country Case Study Series)

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At the same time, a healthy private sector reduces the burden on government; it broadens participation in the running of an economy; it attracts savingsdomestic and foreignto sound investment; and it promotes growth and jobs. The revolution in economic management in the developing countries is well underway, but it is still far from complete. We must do more to nurture private-sector growth because that will enable more countries to become competitive in the global economyand to reduce poverty.

In particular, policy reforms designed to reduce poverty in the medium and long term may cause social discomfort in the short term. From a policy design perspective, a balance may have to be struck between short-term social outcomes and long-term sustainability. Exercising the art of the possible, William Branson and Carl Jayarajah put forward a path-breaking framework for evaluating policy adjustments based on associating specific outcomes with individual policy changes. However, Moises Naim and G.

Then, as now, the purpose was to account for the outcome of the projects and programs we support and to use the lessons from that experience to improve the design and conduct of future operations. Today, all our lending operations are evaluated at the completion of loan disbursements by the operational staff and borrowers responsible for them. A representative sample of those operations is then evaluated by our Operations Evaluation Department (OED). OED also undertakes country and sector lending studies and reviews Bank policies and processes.

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