By World Bank
For the realm financial institution and its companions, the ubiquitous try is to carry results-to carry humans out of poverty and advertise socially and environmentally sustainable improvement. attaining such good fortune in anyone kingdom is more and more intertwined with making development on shared worldwide demanding situations. The 2008 Annual overview of improvement Effectiveness, an autonomous overview, provides facts at the Bank's efforts in very important and attached components: monitoring results of financial institution initiatives and state courses; and development in fostering worldwide public items, resembling maintaining the earth's weather and combating the unfold of risky communicable illnesses.
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Additional resources for 2008 Annual Review of Development Effectiveness: Shared Global Challenges
The review also refers to evidence to benchmark the Independent Evaluation Group’s (IEG’s) own contribution to influencing the Bank’s performance. All of this is important because a successful M&E system that focuses on results can have three major benefits. It can provide an early warning when an intervention is not working well, and a basis for improving a project during implementation. It can provide a broad measure of results for accountability and demonstrate to stakeholders the degree to which the Bank has contributed to development results.
Achieving such success in any individual country is increasingly intertwined with making progress on shared global challenges. A fair and efficient international trade regime, for example, is a global public good (GPG) that allows developing countries to trade more and grow faster. The growing global threat of climate change—a “public bad” by contrast— particularly imperils the poor who bear the brunt of more frequent natural disasters and hazards to health and agriculture (IEG 2006b; Stern 2006).
1: Distribution of Project Ratings Moved Up the Scale in FY03–07 IEG rating of projects meeting development objectives Percentage of Projects in Rating Category FY98–02 FY03–07 Percentage point change 6% 4% –2 Satisfactory Highly satisfactory 45% 45% 0 Moderately satisfactory 21% 29% +8 9% 10% +1 16% 10% –6 2% 1% –1 Moderately unsatisfactory Unsatisfactory Highly unsatisfactory Source: World Bank database. of such successful performance can be seen in an agricultural development project in China’s Anning Valley.