Ratings for the First Programmatic Development Policy Loan (DPL) for Sustainable Environmental Management Project for Brazil were as follows: outcome was unsatisfactory; risk to development outcome was moderate; Bank performance was unsatisfactory; and Borrower performance was moderately unsatisfactory. Some lessons learned included: certain aspects of the World Bank's policies and guidance on development policy lending should be clarified. Particularly for DPLs focused on reforms in a sector - rather than on macro-economic stability - the impacts of the actions supported can often not be adequately perceived within the short timeframe of the loan, making monitoring and evaluation of outcomes difficult. Back-loading of reforms in a DPL programmatic series can increase the risk of later loans in the series being canceled without full realization of the objectives of the series. In future, when attempting to support reforms in state-owned banks like National Bank for Economic and Social Development (of Brazil) (BNDES) that finance both public and private-sector investments, it will be important to take a one World Bank Group approach. The level of government targeted by DPL reforms should be consistent with the outcomes intended and the client country's institutional structure.
Information
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Date du document
2015/02/19
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Type de document
Rapport d'évaluation rétrospective
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Numéro du rapport
89848
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Volume
1
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Total Volume(s)
1
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Pays
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Région
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Date de publication
2015/02/24
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Disclosure Status
Disclosed
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Titre du rapport
Brazil - First Programmatic Development Policy Loan for Sustainable Environmental Management Project
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Mots clé
Environmental and Social Management System;nationally appropriate mitigation actions;convention on biological diversity;Environmental and Social Safeguard;committee on development effectiveness;Committee for Development Effectiveness;Environmental and Social Impact;achievement of development outcome;monitoring and evaluation system;private investment in infrastructure;Cost of Doing Business;quality of water resource;environmental development;Operational Core Curriculum;local civil society organizations;Land and Water Resources;brazilian rain forest;environmental management system;outcome indicator;environmental license;quality at entry;gross domestic product;federal government;policy and institution;renewable energy potential;standard of living;social and environmental;primary school enrollment;quality of supervision;solid waste service;national climate change;reducing environmental impact;quality of preparation;Natural Resource Management;Development Policy Financing;donor agency staff;annual emission reduction;lack of commitment;general budget support;national environmental policy;natural resource base;country project evaluation;demand for water;rapid urban expansion;sovereign credit rating;lack of transparency;emerging market economy;forest legal framework;renewable energy investment;Type of Investment;Development Policy Loan;global economic slowdown;environmentally sound development;domestic energy crisis;global financial crisis;natural resource endowment;portfolio of investment;renewable energy source;forest management law;social policy;social policies;financing instrument;pollution reduction;investment finance;social standard;environmental reform;rapid change;environmental sustainability;social system;Natural Resources;agricultural land;development partner;panel review;improved water;wastewater treatment;environmental control;water monitoring;
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