Sri Lanka: Country Assistance Note |
Abstract: The World Bank ' s overall country assistance in the 1990 ' s had a satisfactory outcome and likely sustainability. Not all of what the Bank set out to change in the policy and institutional framework was done, but was done helped propel the country ' s growth and poverty reduction at a substantial speed. However, Bank assistance only had a modest institutional development impact. Thus, OED rates development effectiveness of Bank assistance at the country level as marginally satisfactory. Bank and Borrower performances were also marginally satisfactory, as design and implementation of reforms and projects could have been better and commitment stronger. The 1996 Country Assistance Strategy remains valid. The Bank should continue linking its assistance to progress towards an adequate policy and institutional framework, avoiding projects but continuing to provide analyses and advice in sectors without strong Government commitment to needed reforms. In addition, the Bank should support more actively the Government ' s efforts at peace building and strengthening ethnic harmony, and should help prepare for a phase-out of concessional aid by strengthening the country ' s creditworthiness and capacity to manage capital flows. In light of the high disconnect ratio between supervision and completion ratings, OED recommends a review of the entire portfolio of 14 projects.
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Report Type:
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Country Assistance Note |
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Date:
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01/23/2001 |
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Report #:
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21771 |
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Subject:
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Multisector |
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Country:
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Sri Lanka |
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Region:
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South Asia |
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Language:
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English |
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Project ID:
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N/A |
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Loan/Credit #:
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N/A |
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