International Finance Corporation Country Diagnostics and Strategies under IFC 3.0 : An Early-Stage Assessment : Approach Paper
In December 2016, the International Finance Corporation (IFC) introduced its latest strategy, IFC 3.0, which aimed to enhance IFC’s development impact by creating “new and stronger markets for private sector solutions” (IFC 2019) and “mobilizing pr...
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| Format: | Working Paper |
| Language: | English en_US |
| Published: |
Washington, DC : World Bank
2022
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| Online Access: | http://documents.worldbank.org/curated/en/099407305132224493/IDU02c66ab880aeb9047c80a7590e8cc4ccaf1b6 http://hdl.handle.net/10986/37675 |
| Summary: | In December 2016, the International
Finance Corporation (IFC) introduced its latest strategy,
IFC 3.0, which aimed to enhance IFC’s development impact by
creating “new and stronger markets for private sector
solutions” (IFC 2019) and “mobilizing private capital at
significant scale” (IFC 2021) where it is needed the most.
To achieve IFC 3.0’s aims of market creation and private
capital mobilization at scale, IFC recognized it would need
new tools and analytical capabilities to: (i) Develop a
deeper understanding of the constraints limiting private
sector solutions and opportunities in each country’s
economy, including in key enabling and productive sectors;
and (ii) Allow for a more strategic selection, sequencing,
and implementation of its activities and stronger
coordination across the World Bank Group. At the country
level, IFC 3.0’s tools included a new diagnostic instrument,
the Country Private Sector Diagnostic (CPSD), and a new
strategy instrument, the IFC Country Strategy. The objective
of the evaluation is to assess whether IFC Country
Strategies and CPSDs have enhanced IFC’s ability to create
markets and mobilize capital at scale and have informed Bank
Group collaboration on private sector development. The
evaluation will focus on IFC Country Strategies and CPSDs
completed since their inception in fiscal year (FY)18. The
evaluation will cover all 50 IFC Country Strategies and the
31 CPSDs completed between FY18 and December 31, 2021. |
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