The Ebola epidemic continues to cripple the economies of Liberia, Sierra Leone, and Guinea. The crisis is resulting in flat or negative income growth and creating large fiscal needs in all three countries, as they work to eradicate the virus.
... انظر المزيد + This update presents the World Banks most recent analysis of the economic effects of the Ebola epidemic on the three countries. All three had been growing rapidly in recent years, and into the first half of 2014. But GDP growth estimates for 2014 have been revised sharply downward since pre-crisis estimates. Projected 2014 growth in Liberia is now 2.2 percent (versus 5.9 percent before the crisis and 2.5 percent in October). Projected 2014 growth in Sierra Leone is now 4.0 percent (versus 11.3 percent before the crisis and 8.0 percent in October). Projected 2014 growth in Guinea is now 0.5 percent (versus 4.5 percent before the crisis and 2.4 percent in October). The World Banks October report on the economic impact of Ebola (report no. 91219 released at the 2014 Annual Meetings of the IMF and the World Bank) found that if the epidemic continues in the three worst-affected countries and spreads to neighboring countries, the two-year regional financial impact could range from a quot;low Ebolaquot; estimate of $3.8 billion to a quot;high Ebolaquot; estimate of $32.6 billion. These scale estimates of potential impact remain valid: the epidemic is not yet under control. Containment, combined with a full-fledged financial recovery effort to restart business activity and bring back investors, are now both therefore urgently needed for the region to improve on the downbeat forecasts in this update.
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The Education For All Project for Guinea was moderately unsatisfactory with a substantial risk to development outcome. Both the Bank and the Borrowers performance in the project was moderately unsatisfactory.
... انظر المزيد + Key changes made to the project through the following four restructurings include: revision of results framework to focus on primary education, scaling up of activities for primary education, additional financing revision of PDO and some revision of the results framework to align with project activities, and an extension of the closing date by six months. The following six lessons were learned from this project: (1) Strategic sequencing is critical in ensuring objectives can be achieved. Although many of the projects objectives have been achieved, a number of them might have been achieved in a timelier and more efficient manner if they had been more carefully selected and appropriately sequenced. (2) Student learning achievement levels which have been evaluated regularly by national structures, often in collaboration with regional institutions or specific programs can be used to inform policy. (3) One of the important building blocks for undertaking difficult reforms (e.g., related to human resources, budgeting, etc.) is the involvement of institutional staff intimately familiar with the issues rather than relying on a parallel project unit. (4) The Banks swift engagement in periods following a crisis can bring important dividends. (5) While consultancy services and technical assistance (TA) supported under the project had a positive impact on achievement of outcomes, the lack of skills transfer to staff from government institutions could inhibit the development of long-term capacity within the institutions. (6) In instances where a projects life extends far beyond what was originally envisaged, in-depth and periodic evaluations may provide the necessary data to effectively evaluate the projects progress towards achievement of the PDO as well as to undertake measures which further increase the likelihood that the project will achieve its intended development goals.
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تقرير إنجاز تنفيذ ونتائج المشروع 90841 NOV 27, 2014
This program document seeks the approval of the Executive Directors for a $10 million grant from the Crisis Response Window (CRW)1 and $40 million IDA credit as a stand-alone emergency operation designed to help the Government of Guinea address the economic impact of the Ebola epidemic.
... انظر المزيد + In 2014, the Ebola epidemic which has struck the three fragile economies of Guinea, Sierra Leone and Liberia, with a horrible human toll, also represents an existential threat to their economies and their futures and a ripple effect on the world as the deadly contagion continues to spread. The operation has been prepared in line with good-practice principles for emergency budget support operations and the actions supported under each of its two strategic pillars are designed to advance the objectives of Guineas Poverty Reduction Strategy Paper (PRSP). Actions supported under pillar one will build economic and social resilience and reduce vulnerability to shock through: (i) strengthening the governments capacity to continue to manage and monitor the Ebola crisis and; (ii) improving the monitoring and communication functions of the administration in containing the crisis. Pillar two will help strengthen budget transparency and reform public financial management by: (i) increasing transparency and effectiveness of budget processes, and (ii) improving the overall performance of public finance systems.
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