Growth for the Bottom 40 Percent : The World Bank Group’s Support for Shared Prosperity
This evaluation assesses the World Bank Group's record on implementation of the shared prosperity goal since 2013 using the official definition of the goal of fostering income growth of the bottom 40 percent. It also analyzes institutional req...
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| Format: | Report |
| Language: | English |
| Published: |
World Bank, Washington, DC
2017
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| Online Access: | http://documents.worldbank.org/curated/en/176811511360825388/Growth-for-the-bottom-40-percent-the-World-Bank-Group-s-support-for-shared-prosperity-an-independent-evaluation http://hdl.handle.net/10986/28906 |
| Summary: | This evaluation assesses the World Bank
Group's record on implementation of the shared
prosperity goal since 2013 using the official definition of
the goal of fostering income growth of the bottom 40
percent. It also analyzes institutional requirements for
effective implementation of the goal, and assesses the
extent to which the Bank Group was already incorporating
distributional issues in its various activities during the
period 2005-13, before the adoption of the goal.Principal
conclusions are as follows. The World Bank Group has made a
significant effort to incorporate the shared prosperity
goal—since its introduction in 2013--into its various
products and services, across regions, global practices and
World Bank Group institutions. These efforts have been
spearheaded by knowledge. And the World Bank Group has used
its convening power and partnerships at global and country
levels to boost shared prosperity. However, an increased
focus on distributional issues in the World Bank’s lending
projects does not automatically lead to improved development
outcomes. Greater efforts are needed in the following areas
to translate the increased focus into strong development
results. First, the World Bank Group strategies and projects
should have well-defined theories of change that explain how
and under what conditions its interventions are expected to
lead to improved shared prosperity outcomes. Second,
associated results frameworks should allow for adequately
monitoring impacts on the bottom 40 percent, and more
distributional data should become available for measuring
World Bank contributions. Third, strong analytical
underpinnings are critical to strengthening the design of
shared prosperity–focused interventions. This requires
ensuring adequate funding of knowledge work and rigorous
analysis of distributional effects. Fourth, the report
recommends that the World Bank Group monitors systematically
spatial congruence of its projects with the geographic
distribution of the bottom 40 percent populations.Finally,
stronger efforts are needed to make sure that the World Bank
Group staff are aware of what the shared prosperity goal
entails for the institution and its clients, but also have
the skills needed for effectively incorporating and
monitoring distributional objectives in the result chains of
World Bank Group strategies and projects. |
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