[{"data":1,"prerenderedAt":-1},["ShallowReactive",2],{"doc-detail-111903-en":3,"doc-seo-111903-105":28,"detail-sidebar-cat-0-en-105":88},{"code":4,"msg":5,"data":6},0,"success",{"doc_id":7,"user_id":8,"nickname":9,"user_avatar":10,"doc_module":4,"category_id":11,"category_name":12,"doc_title":13,"doc_description":14,"doc_content":15,"file_id":16,"file_url":17,"file_type":18,"file_size":19,"view_count":4,"is_deleted":4,"is_public":20,"is_downloadable":20,"audit_status":20,"page_count":20,"language":21,"language_code":22,"site_id":23,"html_lang":22,"table_of_contents":24,"faqs":25,"seo_title":13,"seo_description":14,"update_tm":26,"read_time":27},111903,1374391974564,"Clementine","https://ap-avatar.wpscdn.com/avatar/14000253aa45c000a9e?x-image-process=image/resize,m_fixed,w_180,h_180&k=1779874745381141002",8,"Research & Report","Report to the Board from the Committee on Development Effectiveness - A Focused Assessment of the International Development Association's Private Sector Window (PSW)","Focused assessment briefing to the Board from the Committee on Development Effectiveness following review of IEG findings on the International Development Association’s Private Sector Window (PSW). The Committee recognizes improvements in PSW utilization and early signs of market creation, while raising concerns about lower IFC commitments in eligible countries post-launch and higher IFC pricing in some cases. Recommendations endorsed include better leveraging of PSW capital and enhanced PSW financial reporting across the World Bank Group, with follow-up via the Management Action Record.","Public Disclosure Authorized Public Disclosure Authorized  \nA Focused Assessment of the International Development Association's Private Sector  \nWindow (PSW): An Update to IEG's 2021 Early-Stage Assessment  \nReport to the Board from the  \nCommittee on Development Effectiveness 􀀍  \nMeeting of November 29, 2023  \nThe Committee on Development Effectiveness (“the Committee”) met to consider the Independent Evaluation Group (IEG) report entitled A Focused Assessment of the International Development Association's Private Sector Window (PSW): An Update to IEG's 2021 Early-Stage Assessment (CODE2023-0048) and the World Bank Group Draft Management Response (CODE2023- 0054) .  \nThe Committee welcomed the Update to the 2021 Early-Stage Assessment and highly appreciated IEG's efforts to offer, in a timely manner, valuable findings and recommendations as well as insights and lessons relevant to the priorities ofthe WBG Evolution and the new Playbook, which served as useful information for the IDA20 Mid-Term Review (MTR) discussions, ahead of the IDA21 Replenishment. Some members noted the need to incorporate analysis of development impact in future evaluations ofthe PSW. Members concurred with the two IEG recommendations on better leveraging IDA PSW capital and enhancing financial reporting on the PSW across the World Bank Group. They appreciated Management’s agreement with the conclusions ofthe Report and its commitment to implement the recommendations as One WBG. The Committee was pleased to note a significant increase in PSW utilization following the slow start in the IDA18 cycle; an early indication of the market creation impact from PSW investments; and an expansion of the PSW to new countries and sectors. They expressed concern that in PSW-eligible countries overall, IFC average annual commitments were lower in the six years after PSW launch than in the six years before PSW launch. There was also concern that in several cases, clients pointed out that IFC prices were higher – despite the usage of PSW – than those of its competitors. Members welcomed IEG’s finding that IFC and MIGA follow the minimum concessionality principle but some asked clarifications on the methodology behind it.  \nMembers stressed the need to leverage PSW capital more, allowing IDA, IFC, and MIGA to extend more support to PSW-eligible countries, including several low-income countries and small economies still uncovered. They highlighted the market creation potential of the instrument and its supporting role in mobilizing private sector engagement in countries. They called on Management to scale up the use of IDA’s PSW to help create new markets, de-risk projects, reduce first-mover costs, and incentivize investments in riskiest markets, especially in FCV situations. Management was also urged to improve the analysis and risk methodology to optimize leveraging the IDA PSW capital allocation and to ensure that donor resources are being used as efficiently as possible to serve IDA clients. Members appreciated that some work on this has already been done and looked forward to further discussions with Management on this area both during the IDA20 MTR and future Board engagements. The Committee encouraged Management to actively address the underuse of nonfinancial additionality, focusing on incentives and collaboration within the World Bank Group to help boost the delivery.  \nThe Committee inquired about the timeline for delivery of the second recommendation on financial reporting. WBG Management explained that effective financial reporting will require deeper interagency collaboration and discussions across the Group to ensure adequate implementation. As per established practice, Management will include an update on this in the Management Action Record (MAR), which tracks implementation of recommendations.  \n􀀍 This report is not an approved record.","cbCailQTOvRPbl6r","https://ap.wps.com/l/cbCailQTOvRPbl6r","pdf",119503,1,"English","en",105,"# Meeting Summary and Review Scope\n## Committee Observations on Utilization and Market Creation\n## Key Concerns and Requests for Clarification\n## Endorsed Recommendations and Implementation Timeline","[{\"question\":\"What did the Committee review in this meeting?\",\"answer\":\"The Committee considered an IEG report on the International Development Association’s Private Sector Window (PSW) and an associated World Bank Group draft management response.\"},{\"question\":\"Which PSW-related improvements and impacts did members highlight?\",\"answer\":\"Members noted a significant increase in PSW utilization after the slow start in IDA18, early indications of market creation impacts from PSW investments, and expansion to new countries and sectors.\"},{\"question\":\"What concerns did the Committee raise regarding PSW performance?\",\"answer\":\"Members were concerned that IFC average annual commitments were lower in the six years after PSW launch than in the six years before. They also raised concerns that some clients observed higher IFC pricing despite PSW usage.\"}]",1784492222,3,{"code":4,"msg":29,"data":30},"ok",{"site_id":23,"language":22,"slug":31,"title":13,"keywords":32,"description":14,"schema_data":33,"social_meta":83,"head_meta":85,"extra_data":87,"updated_unix":26},"report-to-the-board-from-the-committee-on-development-effectiveness-a-focused-assessment-of-the-international-development-associations-private-sector-window-psw","",{"@graph":34,"@context":82},[35,51,65],{"@type":36,"itemListElement":37},"BreadcrumbList",[38,42,46,48],{"item":39,"name":40,"@type":41,"position":20},"https://docshare.wps.com","Home","ListItem",{"item":43,"name":44,"@type":41,"position":45},"https://docshare.wps.com/document/","Document",2,{"item":47,"name":12,"@type":41,"position":27},"https://docshare.wps.com/document/research-report/",{"item":49,"name":13,"@type":41,"position":50},"https://docshare.wps.com/document/report-to-the-board-from-the-committee-on-development-effectiveness-a-focused-assessment-of-the-international-development-associations-private-sector-window-psw/111903/",4,{"url":49,"name":13,"@type":52,"author":53,"headline":13,"publisher":55,"fileFormat":58,"inLanguage":22,"description":14,"dateModified":59,"datePublished":59,"encodingFormat":58,"isAccessibleForFree":60,"interactionStatistic":61},"DigitalDocument",{"name":9,"@type":54},"Person",{"url":39,"name":56,"@type":57},"DocShare","Organization","application/pdf","2026-07-19",true,{"@type":62,"interactionType":63,"userInteractionCount":4},"InteractionCounter",{"@type":64},"ViewAction",{"@type":66,"mainEntity":67},"FAQPage",[68,74,78],{"name":69,"@type":70,"acceptedAnswer":71},"What did the Committee review in this meeting?","Question",{"text":72,"@type":73},"The Committee considered an IEG report on the International Development Association’s Private Sector Window (PSW) and an associated World Bank Group draft management response.","Answer",{"name":75,"@type":70,"acceptedAnswer":76},"Which PSW-related improvements and impacts did members highlight?",{"text":77,"@type":73},"Members noted a significant increase in PSW utilization after the slow start in IDA18, early indications of market creation impacts from PSW investments, and expansion to new countries and sectors.",{"name":79,"@type":70,"acceptedAnswer":80},"What concerns did the Committee raise regarding PSW performance?",{"text":81,"@type":73},"Members were concerned that IFC average annual commitments were lower in the six years after PSW launch than in the six years before. 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