Download Report - Independent Evaluation Group - World Bank

xivand the judiciary. Bank performance is rated moderately unsatisfactory because ofnumerous shortcomings at entry as the Bank overestimated GOM’s commitment and paidinsufficient attention to institutional issues. Nevertheless, during implementation, theBank responded flexibly to the rapidly changing situation and was able to keep thedialogue open. Borrower performance is rated unsatisfactory because commitment wasweak and a lack of leadership in governance, reallocation of resources, and povertyalleviation.5. SAC-I. Outcome is rated moderately satisfactory because progress wasconsiderably delayed in privatization, a key reform area, and no progress was recorded inredirecting resources to the social sectors. Institutional development impact is ratedmodest because of increased capacity in the areas of trade, private sector development,and dialogue between the private and public sectors, but there was very little progress inthe management of the public sector. Sustainability is rated likely on the basis of noreversal in policies and progress in reaching a consensus on the content of SAC-II. Bankperformance is rated satisfactory because key conditions for opening the economy werewell identified and prioritized, and, after disbursement of the single tranche, the Bankshowed consistency in bringing the reform agenda moving towards SAC-II. Borrowerperformance is rated moderately satisfactory because of weak commitment to reformsand an inability to initiate a serious poverty reduction program.6. PATESP. Outcome is rated moderately satisfactory because it helped informulating divestiture policies and launching the first phase of the privatizationprogram. However, the overall divestiture program remained well behind schedule.Although the project succeeded in broadening and strengthening business services tosome SMEs, several broader objectives of developing the private sector were notachieved. Institutional development is rated substantial on the basis of an emergingcapacity to formulate privatization strategies and manage the privatization program andthe establishment of regulatory bodies in key public service sectors. Sustainability israted likely on the grounds that some institutional structures are now in place to promoteprivate sector development and competition. Bank performance is rated satisfactorybecause Bank assistance and advice were not only consistently strong but also welltargeted to the priorities as they emerged from implementation of SAC-II. Borrowerperformance is rated unsatisfactory because commitment to reforms remained lukewarmand because some successful private sector development structures were unnecessarilydissolved.7. SAC-II. Outcome is rated moderately satisfactory because results were mixedand uneven. While progress was made in macro-economic management, privatization,and business climate, little was achieved in public financial management and governance.Public resource management continued to be neglected, with a negative impact onpoverty alleviation. Institutional development impact is rated modest because, overall,little was achieved in raising the capacity to formulate and implement policies.Sustainability is rated likely because of no reversal in policies, despite the crisis.Moreover, the risks of reversal have diminished thanks to a greater acceptance of reformsby the public opinion and the private sector. Bank performance is rated moderatelysatisfactory. The credit was generally well-designed, reflecting the Bank’s knowledge of