Results and Performance of the World Bank Group 2024 (Custom Note)

Industry Overview - The Results and Performance of the World Bank Group (RAP) 2024 report focuses on analyzing trends in the performance ratings of World Bank Group operations, including the World Bank, International Finance Corporation (IFC), and Multilateral Investment Guarantee Agency (MIGA) [2][3] - The report aims to provide a deeper analysis of specific issues, such as the performance of COVID-19-exposed operations and the association between development outcomes, additionality, and work quality ratings in IFC investment projects [3] - The report will also analyze trends in country program ratings and conduct an in-depth review of Bank Group performance at the country level [3] Key Analytical Components - The report will analyze trends in IEG ratings of World Bank Group operations, including outcome type analysis and factors linked to the performance of COVID-19-exposed projects [10] - For IFC investment projects, the report will identify factors specific to work quality and additionality that are associated with development outcomes [10] - The report will also analyze trends in IEG ratings of country programs and factors linked with World Bank Group performance at the country level over a 10-year period [10] Methodology and Approach - RAP 2024 will apply a mix of methods, including statistical analysis, text analysis, and supervised machine learning, to analyze performance ratings and trends [14] - The report will use a three-year rolling average for World Bank and IFC projects and a six-year rolling average for MIGA guarantee projects due to the small number of projects evaluated annually [19] - The analysis will include breakdowns of performance ratings across various dimensions, such as region, fragile and conflict-affected situations (FCS), and country lending group [19] Performance Ratings and Outcome Types - The report will analyze the performance ratings of World Bank projects, including outcome, efficacy, and Bank performance, using a six-point scale [63][64][65] - For IFC investment projects, the report will assess development outcomes, additionality, investment outcomes, and work quality, using a six-point scale for development outcomes and a four-point scale for other dimensions [72][73][74][75] - The report will also analyze the performance ratings of MIGA guarantee projects, including development outcomes, MIGA effectiveness, and work quality, using a six-point scale for development outcomes and a four-point scale for other dimensions [84][85][86] Factors Linked to Performance - The report will identify factors linked to the performance of COVID-19-exposed operations, including challenges related to procurement, conflict, and institutional capacity [130] - For IFC investment projects, the report will analyze factors such as unfavorable economic conditions, market competition, and sponsor capacity that affect project performance [111][112] - The report will also explore the association between preparation, processing, and preimplementation scoping time and performance ratings for World Bank, IFC, and MIGA projects [18]