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OED's Annual Review of Development Effectiveness (ARDE) 2000 confirms that significant improvements in the Bank's development performance have taken place over the past five years. Portfolio performance is likely to exceed the Strategic Compact target of 75 percent satisfactory in FY00. Eighty-six percent of adjustment lending outcomes were satisfactory, institutional development outcomes climbed to 43 percent substantial, and sustainability has strengthened to 57 percent.
The outcome of country assistance programs depends as much on the quality and coherence of nonlending services and partnerships as on project performance.The Bank therefore should complement its increased attention to project quality with efforts to further enhance the quality and dissemination of its analytic work, and establish more businesslike partnerships at the country level.
In order to achieve corporate goals, the Bank’s matrix management structure needs to be rebalanced; as currently designed, budgetary resources and decisionmaking reside with country departments. As a result, although the Bank has articulated sound strategies for most sectors, these strategies have not been implemented consistently in client countries.
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