Peru CLR Completion and Learning Review - FY17-FY21 - January 19, 2023 - Independent Evaluation Group

Jul 19, 2026

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CLR reviews the World Bank Group’s Completion and Learning Review for Peru under the FY17-FY21 Country Partnership Framework, updated via the 2019 Performance and Learning Review. It assesses development outcomes and WBG performance across three CPF pillars and eight objectives, concluding that the CPF outcome was Moderately Unsatisfactory and WBG performance was Fair. The review attributes weak results to gaps in the results chain, incomplete outcome measurement, slow early implementation, underestimated political economy risks, and capacity constraints, with later scaling during the pandemic.

LanguageEnglish

CategoryResearch & Report

FormatPDF

Pages36

Reading Time1 h 31 min

Executive Summary

Ratings and Overall Assessment

Strategic Focus

Relevance of the CPF

Country Context

Public Disclosure Authorized Public Disclosure Authorized CLR Review Independent Evaluation Group Completion and Learning Review Review Peru FY17-FY21 Country Partnership Framework January 19, 2023 Ratings | | CLR Rating | CLRR (IEG) Rating | | --- | --- | --- | | Development Outcome: | Moderately Unsatisfactory | Moderately Unsatisfactory | | WBG Performance: | Good | Fair | I. Executive Summary i. This review of the World Bank Group’s (WBG) Completion and Learning Review (CLR) covers the period of the Country Partnership Framework (CPF), FY17-FY21 . The CPF was updated in the Performance and Learning Review (PLR) dated April 25, 2019. ii. The CPF addressed the major development constraints of low productivity and regional inequalities identified in the Systematic Country Diagnostic through three pillars and eight objectives. The pillars were productivity for growth, services for citizens across the territory, and natural resources and climate change for risk management. These were consistent with the jobs formalization and economic growth, opportunities, and social investment, and bringing the state closer to the citizen components of Peru’s National Plan. The CPF objectives were aligned with the World Bank twin objectives of ending extreme poverty and boosting shared prosperity. iii. IEG rates the CPF development outcome as Moderately Unsatisfactory. Of the eight objectives, one was achieved, two were mostly achieved, and five were partially achieved. The rating of Pillar I, improved productivity for growth was moderately satisfactory; the absorption of skills and technology objective was achieved, enhancing the environment for sustainable private sector investments was mostly achieved, and connectivity in central corridors was partially achieved. The outcome of WBG support under Pillar II, services for citizens, is moderately unsatisfactory on the basis that the objectives related to improved water and sanitation was mostly achieved, while those related to health delivery modernization and improved governance were only partially achieved. WBG support under Pillar III, natural resource and climate change risk management, was rated unsatisfactory on the basis that the objective seven, improved management of natural resources, and objective eight, improved disaster risk management, were only partially achieved. iv. IEG rates World Bank Group performance as Fair. Although the design of the CPF reflected a number of Peru’s development challenges, there were gaps in the results chain, leading to the poor achievement of the CPF’s objectives. In addition, the CPF outcome indicators did not fully measure whether the objectives had been achieved. The first phase of the program was characterized by slow implementation and a failure to recognize the risks arising from political uncertainty that deteriorated into turmoil as the CPF period progressed. Additionally, there was an overestimation of counterpart capacity, insufficient levels of support to project management units, and high WBG staff turnover. The PLR rated the overall program risk as Moderate despite acknowledging that the political and institutional turmoil facing the country limited the ability of the country to advance the CPF objectives, and failed to develop a coherent risk mitigation strategy. However, once the pandemic struck in 2020, World Bank Group support was stepped up substantially, although this meant that the CPF objectives became of lesser importance. v. The CLR contains eight lessons from the outcome of the WBG supported program. Some of these are observations rather than lessons and others are overly general and do not provide useful insights, such as the lesson on the benefits of donor coordination, which is well known. A central lesson, with which IEG agrees, is the need for flexibility to adjust programs in the face of unanticipated shocks. IEG suggests an additional lesson, namely the importance of closer attention to the p

FAQs

How does IEG rate the CPF development outcome for Peru in FY17-FY21?

IEG rates the CPF development outcome as Moderately Unsatisfactory, with one objective achieved, two mostly achieved, and five partially achieved.

What is the main reason given for gaps in CPF objective achievement?

The review cites gaps in the results chain and inadequate outcome indicators that did not fully measure whether objectives were achieved, alongside slow early implementation and capacity constraints.

What performance rating does IEG assign to World Bank Group performance?

World Bank Group performance is rated Fair, reflecting design that recognized development challenges but insufficient risk handling and implementation support.

Jul 19, 2026

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