By Peter Freeman
The realm financial institution devoted $30.6 billion in transport-related tasks up to now decade, making it one of many greatest sectors. The review appears to be like into the Bank's event within the zone, and assesses the institution's interventions, the effect of fast shipping quarter enlargement, and its readiness to fulfill the demanding situations forward.
Read Online or Download A Decade of Action in Transport: An Evaluation of World Bank Assistance to the Transport Sector, 1995-2005 (Operations Evaluation Studies) PDF
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Extra info for A Decade of Action in Transport: An Evaluation of World Bank Assistance to the Transport Sector, 1995-2005 (Operations Evaluation Studies)
The Bank has led some initiatives and prepared both general and specific guidelines in this area, but much more remains to be done. Policies to ameliorate the problem of poor air quality are gradually being implemented in the industrial world, and some pioneering work has been done in developing countries, especially Brazil and Mexico, and in some Asian cities. The Bank has been at the forefront of this activity and produced a report entitled Reducing Air Pollution from Urban Transport (World Bank 2004a) aimed at national and local policy makers involved in air quality management.
This can be because of changing needs and circumstances or because of exogenous factors affecting the projects. During fiscal 1995–2005, about 83 percent of Middle East and North Africa Bank Region commitments were disbursed, compared with 80 percent for East Asia and the Pacific, 78 21 A DECADE OF ACTION IN TRANSPORT percent for Africa, 77 percent in South Asia, 60 percent in Europe and Central Asia, and only 55 percent for Latin America and the Caribbean. The reasons for the lower levels of disbursement in the latter two Regions include the cancellation, scaling down, or curtailment of large projects in countries such as Brazil, Colombia, Mexico, the Russian Federation, and Turkey because of financial crises, changing circumstances, or, occasionally, noncompliance with Bank requirements.
Globalization and rising fuel prices have reinforced the pressures of market forces on transport providers to ensure they are as efficient as possible. However, as demographic and factor costs continue to rise, further innovation and experimentation will become necessary. The Bank is a player but could become a real change agent in this arena. 17 Chapter 3: Evaluation Highlights • Transport lending commitments have fluctuated considerably during the review period. Roads dominate the portfolio. • India and China account for 42 percent of all transport commitments.
A Decade of Action in Transport: An Evaluation of World Bank Assistance to the Transport Sector, 1995-2005 (Operations Evaluation Studies) by Peter Freeman