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The Whole is Greater Than the Sum of Parts: Program Evaluation of the Chad Cameroon Petroleum Development and Pipeline Program
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| Presenter(s):
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| Cherian Samuel, International Finance Corporation, csamuel@ifc.org
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| Abstract:
The Whole is Greater Than the Sum of Parts: Program Evaluation of the Chad Cameroon Petroleum Development & Pipeline Program (PDPP)
Projects in extractive industries with complex risks and operating in uncertain policy environments require a mix of public and private sector support to achieve social and environmental outcomes and economic growth. In 2000, the World Bank Group (WBG) approved a program of financial and technical support for the Chad Cameroon PDPP, managed by a Consortium of oil companies led by ExxonMobil. This project was evaluated in 2009 using distinct methodologies for assessing public and private sector projects. This paper analyzes the challenges encountered in harmonizing different evaluation approaches to arrive at a coherent view of the development results of the Program.
Reference:
THE WORLD BANK GROUP PROGRAM OF SUPPORT FOR THE CHAD-CAMEROON PETROLEUM DEVELOPMENT AND PIPELINE CONSTRUCTION, PROGRAM PERFORMANCE ASSESSMENT REPORT No.: 50315, November 20, 2009.
http://siteresources.worldbank.org/INTOED/Resources/ChadCamReport.pdf
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Adjusting Development Outcomes by Riskiness of Private Sector Investment Projects: Risk-Adjusted Expected Development Outcome
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| Presenter(s):
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| Hiroyuki Hatashima, International Finance Corporation, hhatashima@ifc.org
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| Abstract:
Private sector is regarded as the key driver for economic growth. Although risk taking is the main character of private business, evaluation of private sector development has not being addressing the risk adequately. Based on past evaluation of International Finance Corporation (IFC), the private sector arm of the World Bank Group, Independent Evaluation Group (IEG) proposes Risk Adjusted Expected Development Outcome (RAEDO) framework. This approach estimates the project’s probability of achieving high development outcomes, based on the regression that estimates the impacts of its risk conditions (such as country, sponsor, product market and project type risks) and the factors that can be controlled by the institution (such as work quality and contributions during the project cycle). The actual outcomes are compared against the predicted numbers, to determine whether the gaps are due to the project risks or to the factors that could be controlled by the institution.
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