Description: IFC in Nigeria : An Independent Country Impact Review

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IFC in Nigeria : An Independent Country Impact Review

Independent Evaluation Group's (IEG's) country impact review (the report) examines if, from July 1998 through December 2007, International Finance Corporation (IFC): (i) successfully defined a relevant and appropriate strategy for helping...

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Bibliographic Details
Main Author:	World Bank
Language:	English
Published:	Washington, DC 2012
Subjects:	ACCESS TO FINANCE ADMINISTRATIVE BARRIERS ADVISORY SERVICE ADVISORY SERVICES BANK BOND MARKET CAPACITY BUILDING CONSTRAINTS COOPERATION CORRUPTION DEPENDENCE DEVELOPMENT DEVELOPMENT IMPACT DEVELOPMENT IMPACTS ECONOMIC INSTABILITY ECONOMY EDUCATION FUNDS ENTERPRISES FINANCIAL INSTITUTIONS FINANCIAL MARKETS FINANCIAL SECTOR FINANCIAL SECTOR REFORMS FINANCING GDP GUARANTEES IFC INTERNATIONAL FINANCE INVESTMENT INVESTMENTS LACK OF ACCESS MEETING NEEDS OBJECTIVES OUTCOMES PEOPLE POOR CLIENT PRIORITIES PRIVATE INVESTMENT PRIVATIZATION PROJECTS REAL GDP RESOURCE ALLOCATION RISK MITIGATION ROADS TELECOMMUNICATIONS TRADE
Online Access:	http://documents.worldbank.org/curated/en/2008/10/12064499/ifc-nigeria-independent-country-impact-review http://hdl.handle.net/10986/10588

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Summary:	Independent Evaluation Group's (IEG's) country impact review (the report) examines if, from July 1998 through December 2007, International Finance Corporation (IFC): (i) successfully defined a relevant and appropriate strategy for helping Nigeria tackle its most pressing needs; (ii) provided investment and advisory services that were reflective of IFC's strategy; and (iii) achieved positive development results. IFC's strategies in Nigeria reflected the characteristics of IFC's process for development of country strategies jointly with the World Bank. These characteristics include: (i) poor integration with IFC's main strategy and budget process; (ii) loosely formulated country objectives and priorities in terms of sectors and products; and (iii) little or no resource allocation. As a result, IFC's strategies for Nigeria have not fulfilled their purpose of setting priorities, defining targets, and securing the human, organizational, and other resources required.