Power for Development: A Review of the World Bank Group's Experience with Private Participation in the Electricity Sector, Page 887World Bank Publications, 2003 M01 1 - 132 pages Power for Development evaluates the performance of the World Bank Group during the 1990s in promoting private sector development in the electric power sector. This joint review aims to inform the implementation of the World Bank Group's 2001 Energy Business Renewal Strategy and the 2003 Infrastructure Plan. It is based on an evaluation of the World Bank Group's assistance for private sector development of the electric power sector in 80 countries. The main messages of the report are: - The World Bank Group should continue to support private sector development in the electric power sector as a key objective. Well-implemented Bank Group activities in this area can improve sector efficiency in countries politically committed to the advancement of power sector reforms. - Outcomes of International Finance Corporation and Multilateral Investment Guarantee Agency transactions have been positive, but the Bank's project-level outcomes were disappointing, mostly because the Bank underestimated the complexity and time required for reforms to achieve lasting and equitable outcomes. At the sector level, outcomes have been poor or, at best, mixed, except in countries fully committed to reforms. - Private sector development of the electric power sector is a work in progress because the power sector reform process is complex, takes time, is resource-intensive, and requires phasing and careful sequencing to create the conditions for sector transformation. - Much work remains to integrate poverty reduction and environmental mainstreaming into the design of power sector reform and related strategies, which to date have focused mostly on sector efficiency and macro-fiscal objectives. |
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Page v
... ( percentage ) Figure 3.4a IFC's Investment Operations in the Electric Power Sector Peaked in the 1990s ... Figure 3.4b ... But Funding Commitments Were Slower Figure 3.5 IFC Investment Commitments in the 1990s Went Mostly to Asia and LAC ...
... ( percentage ) Figure 3.4a IFC's Investment Operations in the Electric Power Sector Peaked in the 1990s ... Figure 3.4b ... But Funding Commitments Were Slower Figure 3.5 IFC Investment Commitments in the 1990s Went Mostly to Asia and LAC ...
Page xviii
... percent of the Bank's annual lending volume for the electric power sector supported PSDE , either in the form of free- standing projects or as a component of regular power projects . ( This un- derstates the Bank's PSDE involve- ment ...
... percent of the Bank's annual lending volume for the electric power sector supported PSDE , either in the form of free- standing projects or as a component of regular power projects . ( This un- derstates the Bank's PSDE involve- ment ...
Page xix
... percent of the total in 1990 to 50 percent in 2001 ) ; and related analyt- ical and advisory ( AAA ) products , no- tably through the Energy Sector Management Assistance Program ( ESMAP ) . Toward the end of the 1990s , an Energy Sector ...
... percent of the total in 1990 to 50 percent in 2001 ) ; and related analyt- ical and advisory ( AAA ) products , no- tably through the Energy Sector Management Assistance Program ( ESMAP ) . Toward the end of the 1990s , an Energy Sector ...
Page xxi
... per- cent of total Bank commit- ments in FY96 but only 1.5 percent in FY99 . By comparison , IFC's annual power investment approvals reached a peak of US $ 872 million , or 16 per- cent of total approvals , in FY95 , but dropped to US ...
... per- cent of total Bank commit- ments in FY96 but only 1.5 percent in FY99 . By comparison , IFC's annual power investment approvals reached a peak of US $ 872 million , or 16 per- cent of total approvals , in FY95 , but dropped to US ...
Page xxii
... percent had good outcomes , 22 per- cent were mixed , and the rest did not achieve their objec- tives . These overall disap- pointing project - level outcomes mostly reflect the low achievements of ambitious sector- level objectives ...
... percent had good outcomes , 22 per- cent were mixed , and the rest did not achieve their objec- tives . These overall disap- pointing project - level outcomes mostly reflect the low achievements of ambitious sector- level objectives ...
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Common terms and phrases
achieved Active Annex approvals Argentina assess Banco Bank's Banque mondiale Bolivia capacity client commitment corporatization Côte d'Ivoire coun d'énergie developing countries development outcome DSPE EBRS ects El Salvador electric power projects electric power sector energía energy efficiency Energy Sector environment environmental ergy ESW/AAA été framework global IFC and MIGA IFC investment IFC projects IFC's impact implementation improve Indonesia Infrastructure investment operations investors IPPs la cartera loan macrofiscal Management ment MIGA million OMGI Operations Evaluation overall países Pakistan percent performance Philippines poor portfolio poverty reduction power projects power sector reform private participation private power private sector development proj promoting PSDE proyectos PSDE components PSDE objectives Region regulatory Renewable Energy restructuring resultados résultats risk role South Asia Strategy structure subsector tariffs tion transmission and distribution unbundling utilities World Bank Group
Popular passages
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