A Focused Assessment of the International  Development  Association’s Private Sector Window

The team appreciates the support from staff from the Development Finance Vice Presidency, IFC, and the Multilateral Investment Guarantee Agency (MIGA) during the preparation of the report and the helpful comments from Independent Evaluation Group colleagues. [...] IFC agrees with the recommendation and sees value in the reporting of financial results of the PSW to management and the Board. [...] The 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 of the World Bank Group Evolution and the new Playbook. [...] By partially mitigating the risks of the two agencies of the Bank Group that provide investment and insurance services to the private sector—the International Finance Corporation (IFC) and the Multilateral Investment Guarantee Agency (MIGA)—the PSW makes IFC and MIGA transactions possible in IDA countries and fragile and conflict-affected situations. [...] M ethodological Overview—Evaluation Questions and Methods Usage: How has the allocation and usage of the PSW funds across the four facilities changed over the three IDA cycles? Market development: Has the usage of the PSW enabled IFC and MIGA to adequately address challenges to private sector investment and increase the scope and scale of their portfolio in PSW-eligible countries? Is there any ear.