Evaluatierapport (PDF, 6.47 MB) - Buitenlandse Zaken - Belgium

FINEXPO EVALUATION
During the period 2002-2008, only 4 untied State-to-State loans have been
implemented. Theses State-to-State loans represent 4% of the portfolio. The
sample should include at least one of these loans. The 4 untied state-to-state
loans are:
- Burkina Faso – Water supply – concessionnality: 68%, 2004
- Burkina Faso – Water supply – concessionnality: 67%, 2005
- Croatia – Gas network – concessionality: 72,73%, 1998
- Sao Tome – Telecom network – concessionality: 70,65 %, 2008
Third criterion: company’ representation (companies selected for the survey)
The Belgian companies that receive support from FINEXPO are the key stakeholders and
its first beneficiaries. The representation of their portfolio in the sample is critical.
This portfolio was defined in the previous section. The 17 companies selected are
representative of the 38 being supported by FINEXPO. If the files sample include all the
companies selected and only theses companies it will correctly represent their portfolio.
If one of the 17 selected companies is withdrawn from the sample or one company which
is not part of the companies’ survey is included in the sample the representativeness of
their portfolio will be unbalanced.
64 files, including the donation and the projects implemented in Ghana and Vietnam,
were implemented by the 17 selected companies.
The distribution by instruments of this second sample is the following:
Table 15: Distribution of instruments in the portfolio and the first sample
Instrument Total % total Sample
% in
sample
IS 36 33 22 34
ISD 8 7 6 9
D 1 1 1 2
Tied StS 59 55 34 53
Untied StS 4 4 1 2
Total 108 100 64 100
Only one untied State-to-State loan has been awarded to support a project presented by
a company which belongs to the survey list: this file is therefore part of sample without
further selection.
8 companies are represented only once in this sample. At the end of the selection
process, the sample has to encompass at least one file per selected company: the 8
corresponding files are therefore included in the sample without further selection.
Fourth criterion: credit amount
The distribution of files by credit amount in the portfolio and in the actual sample is as
follows:
see
Final report – Appendix 4 – page 116