Development effectiveness, 1998 : Opportunities in a volatile environment
Buckley, Robert
The results of World Bank operations have continued to improve steadily. More than three-quarters of development projects supported by the Bank have achieved satisfactory outcomes, including 7 percent rated as outstanding, according to OED's 1998 Annual Review of Development Effectiveness (ARDE), which presents the evaluation results for operations that exited the Bank's portfolio in FY97-98. At the same time, the review warns that weak financial and social sector institutions in developing countries undermine project success and render countries more vulnerable to external shocks.
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