Foreign Investment Advisory Service - FIAS - strategic directions - Fiscal Years 2005-2007
Omobono, Elio | Bustreo, Flavia | Axelsson, Henrik | Bannon, Ian | Genovese, Eleonora
This document is a three-year strategy of the Foreign Investment Advisory Service - FIAS - from July 2004 to June 2007. The strategy objective is to build on success by improving the impact of the advisory work, and by expanding the quantity of the services by an additional fifty percent. The strategy is based on evaluation conclusions that the FIAS technical assistance model is a good one, achieving strong results. It proposes that FIAS adopt a three-year strategy and budget cycle, with an independent evaluation towards the end of the third year. Five core changes are proposed, with a view to building on success by improving impact and expanding the quantity of services. To this end, the strategy will: differentiate between clients more clearly, in terms of commitment and capacity, and apply different advisory methodologies; provide more support to reform implementation, advising on institutional arrangements and assisting with reform management processes, along with our technical recommendations; improve FIAS leverage with the Bank Group, and, to focus more on consensus-building with other stakeholders; ensure Task Managers spend more time with clients; improve FIAS knowledge management by taking stock of past experiences, going beyond diagnostics and improving our support to solution design. To achieve this, FIAS will reduce the time spent on diagnostics (with better utilization of Doing Business data and ICAS), on products that do not play to FIAS comparative advantage, and on countries where it is believed FIAS advisory support is not the most relevant input.
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