Second Independent Evaluation of the Expanded Project Supervision Report Exercise

Sep 2009
This report evaluates the second exercise of the Expanded Project Supervision Reports (XPSR), prepared by the Structured and Corporate Finance Department (SCF) for a sampling of 14 projects --13 loans and one guarantee. All projects were approved between 2000 and 2003, and they were selected based on the Evaluation Cooperation Group's Guidelines, which determine that all projects that achieved early operational maturity should be self-evaluated by SCF annually. While the guarantee covered regulatory risks of a distribution company, the loans financed energy, telecommunication, and transportation and sanitation projects in a context of implementing regulatory models aimed at attracting the private sector. The sampling gathers projects in seven countries and one regional project. This report presents the main findings and conclusions from the evaluation exercise.