Annual review of development effectiveness 2008 : shared global challenges - executive summary
Thomson, Mike
This year's annual review of development effectiveness is in a new format and presents evidence on the Bank's efforts in two important and connected areas. Part one, which is a standard section of the new format, helps to track Bank performance, notably trends in outcomes of Bank projects and country programs, the evolution of Monitoring and Evaluation (M&E), and the role of evaluation in the results agenda. Part two examines a special topic of great relevance to the results described in the first part: the Bank's work in fostering global public goods, such as protecting the earth's climate and preventing the spread of dangerous communicable diseases. Global public goods tend to be undersupplied, as are all public goods. Motivating local action is easier when the benefits are captured locally: efforts to stop the transborder spread of pandemic disease are more easily motivated when the results directly benefit local populations. By contrast, reducing greenhouse gas emissions is harder to motivate because of a lack of perceived local benefits, particularly in the near term. The report examines both situations, but it is the latter, where global and local benefits diverge in which the challenges are greatest and the role of the Bank is potentially path breaking.
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