The International Finance Corporation’s and Multilateral Investment Guarantee Agency’s Support for Private Investment in Fragile and Conflict-Affected Situations, Fiscal Years 2010–21 : An Independent Evaluation

The World Bank Group estimates that, by 2030, up to two-thirds of the world’s extreme poor will live in countries characterized by fragility, conflict, and violence (FCV). The Bank’s FCV strategy emphasizes the critical role the private sector play...

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Main Author:	World Bank
Format:	Report
Language:	English
Published:	Washington, DC 2022
Subjects:	FRAGILITY, CONFLICT, AND VIOLENCE (FCV) PRIVATE SECTOR DEVELOPMENT JOB CREATION FRAGILE AND CONFLICT-EFFECTED STATES DEVELOPMENT IMPACT IFC INDEPENDENT EVALUATION MIGA INDEPENDENT EVALUATION AID EFFECTIVENESS EVALUATION
Online Access:	http://documents.worldbank.org/curated/en/099417004272236212/IDU055f7408a08f1504b5c0b3fb06fddb3d79e70 http://hdl.handle.net/10986/37482

id	okr-10986-37482
recordtype	oai_dc
spelling	okr-10986-374822022-05-28T05:10:36Z The International Finance Corporation’s and Multilateral Investment Guarantee Agency’s Support for Private Investment in Fragile and Conflict-Affected Situations, Fiscal Years 2010–21 : An Independent Evaluation World Bank FRAGILITY, CONFLICT, AND VIOLENCE (FCV) PRIVATE SECTOR DEVELOPMENT JOB CREATION FRAGILE AND CONFLICT-EFFECTED STATES DEVELOPMENT IMPACT IFC INDEPENDENT EVALUATION MIGA INDEPENDENT EVALUATION AID EFFECTIVENESS EVALUATION The World Bank Group estimates that, by 2030, up to two-thirds of the world’s extreme poor will live in countries characterized by fragility, conflict, and violence (FCV). The Bank’s FCV strategy emphasizes the critical role the private sector plays in providing jobs and income in fragile and conflict-affected situations (FCS) and its importance in contributing to sustainable development in FCS countries. Supporting investments in FCS has been a strategic priority for both the Bank’s International Finance Corporation (IFC) and Multilateral Investment Guarantee Agency (MIGA) for over a decade. In fact, IFC and MIGA adopted ambitious volume targets for investments and guarantees in International Development Association (IDA) and FCS countries. For instance, IFC committed to delivering 40% of its business volume in IDA and FCS countries, and 15–20% in low-income IDA and IDA FCS countries by 2030. MIGA committed to increasing the share of the volume of guarantees issued to projects in FCS and IDA countries to 30– 33% of its guarantee volume by FY23. But despite gradually deploying new tools and instruments in FCS, increasing investments in FCS has been challenging. This evaluation assesses IFC’s and MIGA’s effectiveness in supporting private investment and development impact in Fragile and Conflict-affected Situations (FCS) and identifies key factors constraining private investment in FCS and possible trade-offs that practitioners and policy-makers need to consider. Based on its findings, IEG makes three recommendations to strengthen the relevance and effectiveness of IFC’s and MIGA’s support to investments and private sector development in FCS. 2022-05-27T21:52:35Z 2022-05-27T21:52:35Z 2022 Report http://documents.worldbank.org/curated/en/099417004272236212/IDU055f7408a08f1504b5c0b3fb06fddb3d79e70 http://hdl.handle.net/10986/37482 English CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo World Bank Washington, DC IEG Evaluation
repository_type	Digital Repository
institution_category	Foreign Institution
institution	Digital Repositories
building	World Bank Open Knowledge Repository
collection	World Bank
language	English
topic	FRAGILITY, CONFLICT, AND VIOLENCE (FCV) PRIVATE SECTOR DEVELOPMENT JOB CREATION FRAGILE AND CONFLICT-EFFECTED STATES DEVELOPMENT IMPACT IFC INDEPENDENT EVALUATION MIGA INDEPENDENT EVALUATION AID EFFECTIVENESS EVALUATION
spellingShingle	FRAGILITY, CONFLICT, AND VIOLENCE (FCV) PRIVATE SECTOR DEVELOPMENT JOB CREATION FRAGILE AND CONFLICT-EFFECTED STATES DEVELOPMENT IMPACT IFC INDEPENDENT EVALUATION MIGA INDEPENDENT EVALUATION AID EFFECTIVENESS EVALUATION World Bank The International Finance Corporation’s and Multilateral Investment Guarantee Agency’s Support for Private Investment in Fragile and Conflict-Affected Situations, Fiscal Years 2010–21 : An Independent Evaluation
description	The World Bank Group estimates that, by 2030, up to two-thirds of the world’s extreme poor will live in countries characterized by fragility, conflict, and violence (FCV). The Bank’s FCV strategy emphasizes the critical role the private sector plays in providing jobs and income in fragile and conflict-affected situations (FCS) and its importance in contributing to sustainable development in FCS countries. Supporting investments in FCS has been a strategic priority for both the Bank’s International Finance Corporation (IFC) and Multilateral Investment Guarantee Agency (MIGA) for over a decade. In fact, IFC and MIGA adopted ambitious volume targets for investments and guarantees in International Development Association (IDA) and FCS countries. For instance, IFC committed to delivering 40% of its business volume in IDA and FCS countries, and 15–20% in low-income IDA and IDA FCS countries by 2030. MIGA committed to increasing the share of the volume of guarantees issued to projects in FCS and IDA countries to 30– 33% of its guarantee volume by FY23. But despite gradually deploying new tools and instruments in FCS, increasing investments in FCS has been challenging. This evaluation assesses IFC’s and MIGA’s effectiveness in supporting private investment and development impact in Fragile and Conflict-affected Situations (FCS) and identifies key factors constraining private investment in FCS and possible trade-offs that practitioners and policy-makers need to consider. Based on its findings, IEG makes three recommendations to strengthen the relevance and effectiveness of IFC’s and MIGA’s support to investments and private sector development in FCS.
format	Report
author	World Bank
author_facet	World Bank
author_sort	World Bank
title	The International Finance Corporation’s and Multilateral Investment Guarantee Agency’s Support for Private Investment in Fragile and Conflict-Affected Situations, Fiscal Years 2010–21 : An Independent Evaluation
title_short	The International Finance Corporation’s and Multilateral Investment Guarantee Agency’s Support for Private Investment in Fragile and Conflict-Affected Situations, Fiscal Years 2010–21 : An Independent Evaluation
title_full	The International Finance Corporation’s and Multilateral Investment Guarantee Agency’s Support for Private Investment in Fragile and Conflict-Affected Situations, Fiscal Years 2010–21 : An Independent Evaluation
title_fullStr	The International Finance Corporation’s and Multilateral Investment Guarantee Agency’s Support for Private Investment in Fragile and Conflict-Affected Situations, Fiscal Years 2010–21 : An Independent Evaluation
title_full_unstemmed	The International Finance Corporation’s and Multilateral Investment Guarantee Agency’s Support for Private Investment in Fragile and Conflict-Affected Situations, Fiscal Years 2010–21 : An Independent Evaluation
title_sort	international finance corporation’s and multilateral investment guarantee agency’s support for private investment in fragile and conflict-affected situations, fiscal years 2010–21 : an independent evaluation
publisher	Washington, DC
publishDate	2022
url	http://documents.worldbank.org/curated/en/099417004272236212/IDU055f7408a08f1504b5c0b3fb06fddb3d79e70 http://hdl.handle.net/10986/37482
_version_	1764487293110845440

The International Finance Corporation’s and Multilateral Investment Guarantee Agency’s Support for Private Investment in Fragile and Conflict-Affected Situations, Fiscal Years 2010–21 : An Independent Evaluation

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