By Peter Freeman
The area financial institution dedicated $30.6 billion in transport-related tasks in past times decade, making it one of many biggest sectors. The review appears to be like into the Bank's event within the quarter, and assesses the institution's interventions, the influence of quick shipping area enlargement, and its readiness to satisfy the demanding situations forward.
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Additional resources for A Decade of Action in Transport: An Evaluation of World Bank Assistance to the Transport Sector, 1995-2005 (Operations Evaluation Studies)
In the most recent period, fiscal 2004–06, satisfactory outcomes have been achieved at a level 10 percentage points higher than for all other Bank- supported projects; sustainability is likely in 7 percent more projects. However, the percentage of projects with an institutional impact of substantial or better that formerly exceeded the percentage for all Bank-supported projects is now about the same, in part reflecting a trend toward less challenging transport projects (see chapter 7). An issue sometimes raised by clients or Bank staff is that, although transport projects have been performing better than projects in other sectors, projects in the transport sector are relatively narrowly focused.
Progress, however, has often G L O B A L T R E N D S , B A N K S T R AT E G Y, A N D S E C T O R O U T C O M E S been disappointing. Private vehicle users rarely pay the true costs they impose on society, and this encourages urban sprawl. At the same time, decentralized cities with lower population densities and long trip distances increase the cost of providing public transport. The urban poor, who usually reside on city peripheries, are often marginalized by the lack of accessibility. The Bank has led some initiatives and prepared both general and specific guidelines in this area, but much more remains to be done.
The purpose of consoliextent of investment dating these two networks is to has been mainstream environmental isdisappointing. sues, improve synergies, better integrate core operations, and strengthen the focus on sustainability. Some of the lessons of experience described in this evaluation may assist the deliberations emanating from this new alignment. 14 Sector Outcomes Encouraging Competitive Markets/Assisting in Balancing the Roles of the Public and Private Sectors At the broadest level there is little doubt that the WDR was correct in noting that increased involvement of the private sector in transport would improve accountability and efficiency.
A Decade of Action in Transport: An Evaluation of World Bank Assistance to the Transport Sector, 1995-2005 (Operations Evaluation Studies) by Peter Freeman