CPIA 2014 Criteria
The country policy and institutional assessment (CPIA) assesses the quality of a country’s present policy and institutional framework. Quality refers to how conducive that framework is to fostering poverty reduction, sustainable growth, and the eff...
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| Format: | Report |
| Language: | English en_US |
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World Bank, Washington, DC
2015
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| Online Access: | http://documents.worldbank.org/curated/en/2015/06/24698216/cpia-2014-criteria http://hdl.handle.net/10986/22412 |
| Summary: | The country policy and institutional
assessment (CPIA) assesses the quality of a country’s
present policy and institutional framework. Quality refers
to how conducive that framework is to fostering poverty
reduction, sustainable growth, and the effective use of
development assistance. The CPIA ratings are used in the
International Development Association (IDA) allocation
process and several other corporate activities. The Bank
initiated country assessments in the late 1970s to help
guide the allocation of IDA lending resources. The CPIA
consists of a set of criteria representing the different
policy and institutional dimensions of an effective poverty
reduction and growth strategy. This criterion assesses the
quality of monetary and exchange rate policies in a coherent
macroeconomic policy framework. The objective is to evaluate
whether the monetary and exchange rate policy framework is
consistent with economic stability and sustained medium-term
growth. This criterion covers the extent to which monetary
and exchange rate policy framework: (a) maintains short- and
medium-term internal and external balances, and is
consistent with price stability objectives; and (b) offers
flexibility to deal with internal and external shocks. |
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