5.A. Country Analysis

The CER reviews the country’s economic condition and performance. This document is disclosed after Board circulation.

Country Economic Reports monitor the economic performance and assess the needs of its developing member countries. These regular evaluations are the basis for the country strategy and program reports and updates. This document is disclosed after Board circulation.

ESW reports provide "the basis for the Bank Group's diagnosis of a given country's development prospects. ESW provides a sound basis for dialogue with a borrowing member country on development objectives and policy." ESW reports include economic, and sector studies, reviews and strategy papers and will be disclosed after they are distributed to the Board.

This document is disclosed after Board approval.

For each country the EBRD provides an Economic Overview under its general country strategy. The Economic overview includes: Macroeconomic Performance, Outlook and Risks, Transition Indicators (Current Year), Real GDP, and Interest Rates and Inflation.

There is a report on EIB lending for each country. "The 2008 Annual Economic Report on Partner Countries prepared by the Development Economics Advisory Service (DEAS) presents an overview of economic developments in countries covered by three of the EIB’s external mandates: the European Neighbourhood Partner Countries (ENPC) – including the Eastern Neighbour Countries (Eastern Europe, Southern Caucasus & Russia) as well as the Mediterranean Partner Countries (MPC) – Africa, Caribbean and Pacific (ACP) plus South Africa, Asia and Latin America (ALA)."

It provides an overview of a country’s recent economic developments, economic policy and an outlook for the future. This document is disclosed on an ad-hoc basis.

They provide an economic outlook for a given country or group of countries. SEPs are disclosed “after they are finalized by the respective Regional Operations Department.” These documents are prepared on an annual basis and are updated six months after preparation.

They provide an economic outlook for a given country or group of countries. SEP Updates are disclosed “after they are finalized by the respective Regional Operations Department.” These documents are prepared on an annual basis and are updated six months after preparation.

“The Bank performs Country and Sector Work to provide a sound basis for dialogue with a borrowing member country on development objectives and policy, to inform the Bank’s country strategy formulation, and to facilitate project identification.” These documents are generally disclosed, however “Country and Sector Analytic Work… shall not be made available to the public if the borrowing member country concerned objects to such disclosure.”

This document is sometimes disclosed on-line from IFC Publications and the IFC Economics Department.

No information on this is available from the IIC’s website.

This document includes summaries of country transactions with the IMF.

Article IV refers to the Obligations Regarding Exchange Arrangement.

There is no indication that MIGA produces economic reports.

Other ESW reports, in addition to "gray cover reports" may be made publicly available by the director concerned, taking into account such factors as the need to protect confidential information and the country’s internal deliberative process, after consultation with the country concerned.

They "analyze key aspects of a country's economic development, including growth, fiscal reform, public administration, foreign trade, financial sector development and labor markets." Country Economic Memoranda are disclosed with Economic and Sector Work Reports.

"The Bank undertakes economic and sector work (ESW), which, among other things, provides the basis for the Bank’s diagnosis of a given country’s development prospects. Reports emanating from ESW (ESW Reports) that are distributed to the Executive Directors for information (known as “gray cover reports”) are publicly available after such distribution."

ESW reports provide "the basis for the Bank Group's diagnosis of a given country's development prospects. ESW provides a sound basis for dialogue with a borrowing member country on development objectives and policy." ESW reports include economic, and sector studies, reviews and strategy papers and will be disclosed after they are distributed to the Board.

"A sectoral ESA focuses on the design or strengthening of an institutional and regulatory framework for carrying out environmental or social responsibilities. It generally assesses the major impacts of concern in the sector as a whole and prescribes standard approaches to project design and mitigation."

While there is no sector-specific country analysis, the EBRD does describe its approach to each sector in the Countries and Topics homepage under Business Sectors. The projects for each sector are also listed by country under Project Summary Documents, which provides information on EBRD activities in each sector and in each country.

Each Regional page discloses various amounts of information on sector specific country analysis. The 'Mediterranean Neighborhood' Region has the most sector-specific information.

These documents includes a discussion with executing units of the situation and policies of the sector, the development of the projects in execution and their impact on the sector, and monitoring of sectoral objectives, including reformulation where needed.

“The Bank performs Country and Sector Work to provide a sound basis for dialogue with a borrowing member country on development objectives and policy, to inform the Bank’s country strategy formulation, and to facilitate project identification.” These documents are generally disclosed, however, “Country and Sector Analytic Work… shall not be made available to the public if the borrowing member country concerned objects to such disclosure.”

There is no indication that the IFC conducts sector-specific analysis.

No information on this is available from the IIC’s website.

"ROSCs summarize the extent to which countries observe certain internationally recognized standards and codes."

FSSAs are assessments "in which IMF staff address issues of relevance to IMF surveillance, including risks to macroeconomic stability stemming from the financial sector and the capacity of the sector to absorb macroeconomic shocks."

The FSAP, a joint IMF and World Bank effort introduced in May 1999...Supported by experts from a range of national agencies and standard-setting bodies, work under the program seeks to identify the strengths and vulnerabilities of a country's financial system; to determine how key sources of risk are being managed; to ascertain the sector's developmental and technical assistance needs; and to help prioritize policy responses.

There is no indication that MIGA produces sector-specific country analysis.

"The Bank undertakes economic and sector work (ESW), which, among other things, provides the basis for the Bank’s diagnosis of a given country’s development prospects. Reports emanating from ESW (ESW Reports) that are distributed to the Executive Directors for information (known as “gray cover reports”) are publicly available after such distribution."

Other ESW reports, in addition to "gray cover reports" may be made publicly available by the director concerned, taking into account such factors as the need to protect confidential information and the country’s internal deliberative process, after consultation with the country concerned.

This document is not mentioned on the ADB's website.

"PERs are prepared jointly between the World Bank, [AfDB] and in some cases bilateral donors with the World Bank playing the lead role…PERs vary from country to country but in general their focus has been on the budget structure and composition with some attention paid to more general public sector issues." "The PER will be publicly available after release by the World Bank."

"The Country Portfolio Rating measures performance of the Bank's portfolio, highlighting the degree to which it is at risk. [It] provides a useful indicator of performance and effectiveness in the use of aid resources."

There is no indication that country portfolio evaluations are required or disclosed. For each country strategy there is a summary of public comments available.

"Operations Evaluation activities are carried out within the Inspector General’s Department by a separate Operations Evaluation team, independent from the operational directorates. This team prepares ex-post thematic, sector and regional/country evaluations of EIB’s financing operations, which are published on the Website after discussion by the Board of Directors." However, there are no current ex-post country evaluations on the EIB website at this time.

These are annual reviews with borrowers of the status of the overall country portfolio, and any recommended remedial actions.

This document is prepared on a monthly basis, regarding approved IDB Loans and other operations in its borrowing member countries. Such information will include projected debt service payments for public sector operations, per loan and with annual totals.

This information is prepared on a monthly basis, regarding approved Bank Loans and other operations in its borrowing member countries. Such information will include projected debt service payments for public sector operations, per loan and with annual tot

“Reports to the Board by the WB's Operations and Evaluations Department, with IFC inputs, covering evaluation of WB programs, investments, and policy advice in a specific country, usually over an extended period. Responsible IFC regional investment department prepares an "IFC Box" which summarizes IFC's priorities and programs during the review period, and provides a perspective on the efficacy of the country enabling environment for private sector development, and on the Bank's policy advice in relation to it.”

Operations and Evaluations Group evaluative instruments cover a small number of selected countries annually. They provide IFC management and the Board with independent feedback on the impact of IFC. CIRs and CINs "will contain no company confidential information, but will provide summary IFC profitability information on the portion of IFC's investment portfolio covered by the review. Disclosure of this information would conflict with the constraint on disclosure of IFC financial information."

Operations and Evaluations Group evaluative instruments cover a small number of selected countries annually. They provide IFC management and the Board with independent feedback on the impact of IFC. CIRs and CINs "will contain no company confidential information, but will provide summary IFC profitability information on the portion of IFC's investment portfolio covered by the review. Disclosure of this information would conflict with the constraint on disclosure of IFC financial information."

Samples of Country Evaluations from the IDB’s OVE do not include the activities of the IIC, although they do include the activities of the MIF and IDB’s Private Sector. No information on this is available on IIC Evaluations at the IDB’s Office of Evaluations.

This document includes summaries of country transactions with the IMF.

Article IV refers to the Obligations Regarding Exchange Arrangement.

There is no indication that MIGA produces sector-specific country analysis.

CPPRs assist the Bank to (a) learn from implementation experience to improve both the implementation of the existing portfolio and the quality of projects entering the portfolio; (b) reinforce borrower ownership of Bank-financed projects; © develop the design of the Bank's Country Assistance Strategy; and (d) ensure the continued relevance of projects in the portfolio "for sector strategies. The CPPR gives the borrower the opportunity to carry out its own assessment of the portfolio and to raise any problems it has with the Bank." CPPRs are not disclosed, however, their results do occasionally get mentioned in other documents.

Prepared by the Operations Evaluation Department "Country Assistance Evaluations examine Bank performance in a particular country, usually over the past four to five years, and report on its conformity with the relevant Bank Country Assistance Strategy (CAS) and on the overall effectiveness of the specific CAS." CAEs are disclosed after Board approval, unless the country concerned objects to such disclosure and the Executive Directors agree.

Poverty Assessments are included in the Country Assistance Plans.

The EBRD does not have a poverty alleviation mandate.

The EIB does not have a poverty mandate. A recent document, "The Social Assessment of Projects outside the European Union: the Approach of the European Investment Bank (2006)" states, "In recognition of the three inter-related pillars of sustainable development (social, economic and environmental), the EIB’s Projects Directorate (PJ) already carries out an economic analysis as well as an environmental assessment of all projects considered for Bank financing. The economic analysis includes an assessment of any significant impacts on income distribution, including the likely impact on poverty alleviation. This attempts to quantify and value environmental externalities, where significant. More recently, a broad social assessment has been introduced selectively."

No information on this is available from the IIC’s website.

"A JSA evaluates the strengths and weaknesses of a country's poverty reduction objectives and strategies." This document is disclosed after approval of the Poverty Reduction Strategy Papers.

MIGA’s independent Operations Evaluation Unit (OEU), first granted funds in 2002, does not disclose any information anywhere on the web.

This document focuses on the poor; their reasons for being poor; their barriers to escaping poverty; and the Bank's strategy for poverty alleviation. Input into the Country Assistance Strategy.

"The country classification determines the access to ADB’s concessional finance window and has implications for cost sharing in project and technical assistance financing." This document is disclosed after Board approval and is made available to the public, according to paragraph 110 of the ADB Public Communications Policy (March 2005).

They review the country’s economic condition and performance. CERs are disclosed after Board circulation.

This document helps to identify environmental and social priorities, constraints and key actors.

This document helps to identify environmental and social priorities, constraints and key actors.

"Each of the Bank’s country and sector strategies will reflect the EBRD’s sustainability mandate and will contain a section which describes the environmental and social implications and opportunities of the EBRD’s proposed activities, including technical co-operation projects. The strategies will summarise the principal environmental, human rights, gender equality and other social issues in the relevant country/sector." "The Environmental Impact Assessment (EIA)/Social Impact Assessment (SIA) shall meet PR 10 and any applicable requirements of national EIA law and other relevant laws. In exceptional circumstances, a regional, sectoral or strategic assessment may be required."

The EIB provides information on its lending by region and in some cases by country

These documents are disclosed “after the Board of Executive Directors has reviewed them. When approval by the Board of Executive Directors of any of these documents is required, such document will not be available to the public until after it is approved. Furthermore, when such documents contain as attachments the documents of Bank member countries or of other institutions, such attachments will be made available to the public with the document, unless such country or other institution objects to their disclosure.”

This document is sometimes disclosed through the IFC Publications webpage.

No information on this is available from the IIC’s website.

They are in support of a loan request and are submitted by the borrowing government. These documents are disclosed after Board approval.

This is a collection of country strategy papers, specific analysis, portfolio evaluations, etc.

Article IV refers to the Obligations Regarding Exchange Arrangement.

MIGA’s independent Operations Evaluation Unit (OEU), first granted funds in 2002, does not disclose any information anywhere on the web.

The Bank prepares assessments of the policies and institutions for borrowing countries.

This document is disclosed for IDA, but not for IBRD. The relative CPIA ratings for countries eligible for IDA financing, classified by quintile, are publicly available.

"In the context of strengthening Bank-Fund collaboration on country programs and conditionality, IMF staff prepare a Fund Relations Note to accompany the Bank’s Program Documents for development policy lending, and Bank staff prepare an IMF-Bank Relations Annex to accompany Board documents for new IMF programs or when warranted by significant changes in country circumstance. Both Boards look to these annexes to transparently document the division of labor and each institution’s substantive views on reform priorities and conditionality in the areas in which it takes the lead...the IMF-Bank Relations Annex [will] be made publicly available by the Bank after it is distributed to the Executive Directors for information, taking into account the need to protect confidential or sensitive information, and relations between the Bank and the country concerned."