You are hereBack to top
The World Bank Group Guarantee Instruments, 1990-2007: An Independent Evaluation (Independent Evaluation Group Studies) (Paperback)
Foreign direct investment and private capital flows are highly concentrated geographically, with almost half of them reaching five top destinations. These flows tend to evade many high-risk countries. Regulatory and contractual risks, particularly in infrastructure, have inhibited investments in many parts of the developing world. A core objective of the World Bank Group (WBG) has been to support the flow of private investment for development; guarantees and insurance have been among the instruments that the WBG has used to pursue this objective. This study examines three main questions: - Should the WBG be in the guarantee business? - Have guarantee instruments in the three WBG institutions been used to their potential as reflected in WBG expectations and perceived demand? - Is the WBG appropriately organized to deliver its range of guarantee products in an effective and efficient manner?