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The World Bank Group Guarantee Instruments 1990-2007 : An Independent Evaluation

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  • World Bank

Abstract

This evaluation reviews the World Bank Group's (WBG's) experience with guarantee instruments during 1990-2007. Although these instruments have been an established product line of the WBG for two decades, they have not been rigorously evaluated across the World Bank, International Finance Corporation (IFC), and Multilateral Investment Guarantee Agency (MIGA). The study asks three main questions: (1) should the WBG be in the guarantee business? (2) Have guarantee instruments in the three WBG institutions been used to their potential as reflected in WBG expectations and perceived demand? And, (3) is the WBG appropriately organized to deliver its range of guarantee products in an effective and efficient manner? The challenge for the WBG is to create an environment in which guarantee and insurance products can be deployed alongside other WBG instruments in a flexible and efficient manner to meet client needs. The report concludes that maintaining the status quo, particularly in the delivery of political risk mitigation products, ought not to be an option. It suggests that WBG senior management should decide whether to take a set of collective and individually tailored actions within the current institutional structure or to adopt a new organizational structure for product delivery.

Suggested Citation

  • World Bank, 2009. "The World Bank Group Guarantee Instruments 1990-2007 : An Independent Evaluation," World Bank Publications - Books, The World Bank Group, number 2627.
    • Handle: RePEc:wbk:wbpubs:2627
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    File URL: https://openknowledge.worldbank.org/bitstream/handle/10986/2627/484540PUB0guar101Official0Use0Only1.pdf?sequence=1
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    References listed on IDEAS

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    1. Independent Evaluation Group, 2006. "IEG Review of World Bank Assistance for Financial Sector Reform," World Bank Publications - Books, The World Bank Group, number 7055.
    2. Isabelle Huault & V. Perret & S. Charreire-Petit, 2007. "Management," Post-Print halshs-00337676, HAL.
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    Cited by:

    1. Hilmar Tor Hilmarsson, 2013. "How Can International Financial Institutions Support Cross Border Energy Projects in Emerging Market Economies?," Journal of Applied Management and Investments, Department of Business Administration and Corporate Security, International Humanitarian University, vol. 2(4), pages 253-262.
    2. Hilmar Tór HILMARSSON, 2012. "Managing Risks in Cross Border Energy Projects in Emerging Markets," REVISTA DE MANAGEMENT COMPARAT INTERNATIONAL/REVIEW OF INTERNATIONAL COMPARATIVE MANAGEMENT, Faculty of Management, Academy of Economic Studies, Bucharest, Romania, vol. 13(5), pages 717-732, December.

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