인도·남아시아
연구정보
[경제] Afghanistan - Investment Project Financing
아프가니스탄 국외연구자료 연구보고서 - World Bank 발간일 : 2023-05-11 등록일 : 2023-05-27 원문링크
Ratings for the Investment Project Financing for Afghanistan were as follows: outcome and Bank performance was moderately satisfactory, and monitoring and evaluation (M and E) quality was substantial. Some lessons learned included: implementation of projects across a country presents important challenges in a fragile, conflict, and violence (FCV) environment, but these are generally the projects that address the greatest needs and gaps in human development. As a corollary, working with decentralized community structures such as Community Development Council (CDCs) is crucial in an FCV context for promoting ownership, utilizing local expertise, and triggering economic activity, but this decentralized implementation requires strong M and E. Projects with high returns that support highly relevant development priorities that address large unmet needs may be justified, but it is essential to recognize that these may be high-risk and make appraisal decisions accordingly. In an FCV context, project risk analysis should also in addition to preparation and implementation risks evaluate the political risks to sustainability of project interventions in terms of the possible reversal of sensitive issues. In an FCV capacity constrained context, a deliberate focus on capacity and system building can help sustain gains and greater ownership by the government, but this could entail delaying project results. Approving increased funding for a project facing implementation issues does not help improve performance nor guarantee sustainability and should be approached cautiously. Education projects that aim to increase enrollment and attendance in complex environments should aim not only to assess supply side constraints, but also to explore whether demand side issues are relevant. The use of purely results-based instruments in an FCV context should be approached cautiously--a healthy combination of instruments including pure investment project finance (IPF) for activities that require heavy financing, results-based financing for improving processes and adopting of policies, and disbursement conditions for civil works, could achieve an ideal impact.
본 페이지에 등재된 자료는 운영기관(KIEP) 및 AIF의 공식적인 입장을 대변하고 있지 않습니다.
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