The purpose of this study is to assess the results of the World Bank Group's (WBG's) private sector development (PSD)-related interventions during the 1990s in the power sectors of some 80 developing and transition countries and to answer four evaluation questions: (i) how have private...

This joint OED(Operations Evaluation Department)/OEG (Operations Evaluation Group) study follows up OED's 1993 review of the Bank's experience in telecommunications. It assesses how World Bank Group assistance from 1993 onward has influenced the development of information infrastructure in...

The debate on whether natural disasters cause significant macroeconomic impacts and indeed hinder development is ongoing. Most analyses along these lines have focused on impacts on gross domestic product. This paper looks beyond this standard national accounting aggregate, and examines whether...

East Asia has experienced a dramatic decrease in output growth volatility over the past 20 years. This is good news, as output growth volatility affects poor households because of coping strategies that have long-term, harmful consequences, and the overall economy through its negative impact on...

This paper analyzes the drivers and consequences of sudden stops of capital flows. It focuses on the impact of external vulnerability on the depth and length of sudden stop crises. The authors analyze 43 developing and developed countries between 1993 and 2006. They find evidence that external...

This paper analyzes the impact of banking crises on manufacturing exports exploiting the fact that sectors differ in their needs for external financing. Relying on data from 23 banking crises episodes involving both developed and developing countries during the period 1980-2000 the authors...