Economics & Development

This validation of the World Bank Group’s (WBG) Completion and Learning Review (CLR) covers the fiscal years (FY) 2016-22. The originally approved Country Partnership Framework (CPF) for Uganda was for FY16-21. The Performance and Learning Review (PLR), dated April 2021, extended the CPF period by one year to FY22. The CPF was well aligned with the government strategy and corporate goals, and addressed the key constraints identified in the 2015 Systematic Country Diagnostic (SCD). The CPF was organized around three strategic focus areas: (i) strengthening governance, accountability and service delivery; (ii) raising incomes in rural areas; and (iii) boosting inclusive growth in urban areas - and six thematic objectives spanning economic governance, social service delivery, agricultural commercialization, resilience of the poor and vulnerable, the business environment, and access to urban services. Strategic alignment was strong, with focus areas grounded in the SCD and focused on addressing key poverty challenges.

Ratings of the Rwanda Housing Finance Project for Rwanda were as follows: outcome was satisfactory, Bank performance was moderately satisfactory, and monitoring and evaluation quality was modest. Lessons learned and recommendations include the following: First, assumptions about the near-term availability of affordable housing supply proved optimistic; when fiscal space tightened and construction costs rose, infrastructure subsidies alone did not sufficiently unlock delivery. Future operations should ensure trunk infrastructure is in place before offering plot-level support, simplify and speed incentives to developers, and consider alternative supply measures identified by technical analyses, including using a public private partnership framework and municipal actions on permitting, titling, and coordinated timing of occupancy permits with housing finance. Second, on the demand side, access expanded rapidly once income and product constraints were eased, underscoring the need to align housing finance products with a labor market dominated by informal and lower- to middle-income earners; future programs should prioritize instruments for incremental home building, microloans, solutions for informal workers, rent-to-own structures, and savings mechanisms for down payments, while using blended finance to mobilize private capital and reduce fiscal pressure. Third, the line of credit had a transformational impact on pricing and tenors and revealed strong demand for refinancing relative to prefinancing; the next phase should leverage more private capital through securitizations and mortgage-backed securities to deepen capital markets and, as the market matures and concentration risks rise at the development bank, consider sunsetting direct lending instruments. Fourth, eligibility criteria set narrowly at entry constrained early uptake; future designs should avoid static thresholds for income and house prices and instead benchmark parameters to market indicators such as inflation and consumer prices, with periodic reviews enabling rapid, rules-based adjustments. Fifth, consistent task team leadership supported institutional memory and agile course correction; maintaining continuity in task leadership and structured knowledge transfer is recommended to sustain effective client dialogue and implementation momentum.

Human capital - people’s knowledge, skills, and health - drives productivity and growth. The Human Capital Index Plus (HCI+) measures the human capital a child born today can expect to accumulate over their working life, extending the original HCI by incorporating tertiary education and work experience. This brief summarizes Russian Federation's HCI+ score and its performance in building human capital.

This appendix presents detailed survey findings from 267 stakeholders assessing perceptions of the World Bank Group’s (WBG) engagement in Mongolia. It provides quantitative insights into stakeholder familiarity, collaboration, trust, and perceptions of effectiveness across institutions, alongside evaluations of WBG operations, partnerships, and knowledge services. The results highlight generally positive views of the WBG’s relevance and effectiveness, particularly in project support and knowledge contributions, while also identifying priority development areas such as education, energy, and private sector development. Additionally, the data capture stakeholder preferences for communication, collaboration expectations, and key challenges affecting reforms and private sector growth, offering evidence-based inputs to inform the WBG’s future country strategy.

Human capital- people’s knowledge, skills, and health- drives productivity and growth. The Human Capital Index Plus (HCI+) measures the human capital a child born today can expect to accumulate over their working life, extending the original HCI by incorporating tertiary education and work experience. This brief summarizes Slovak Republic’s HCI+ score and its performance in building human capital

Human capital - people’s knowledge, skills, and health - drives productivity and growth. The Human Capital Index Plus (HCI+) measures the human capital a child born today can expect to accumulate over their working life, extending the original HCI by incorporating tertiary education and work experience. This brief summarizes Paraguay’s HCI+ score and its performance in building human capital.

Human capital - people’s knowledge, skills, and health - drives productivity and growth. The Human Capital Index Plus (HCI+) measures the human capital a child born today can expect to accumulate over their working life, extending the original HCI by incorporating tertiary education and work experience. This brief summarizes Lebanon's HCI+ score and its performance in building human capital.

Human capital - people’s knowledge, skills, and health - drives productivity and growth. The Human Capital Index Plus (HCI+) measures the human capital a child born today can expect to accumulate over their working life, extending the original HCI by incorporating tertiary education and work experience. This brief summarizes Republic of Korea's HCI+ score and its performance in building human capital.

Human capital - people’s knowledge, skills, and health - drives productivity and growth. The Human Capital Index Plus (HCI+) measures the human capital a child born today can expect to accumulate over their working life, extending the original HCI by incorporating tertiary education and work experience. This brief summarizes Trinidad and Tobago’s HCI+ score and its performance in building human capital