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A Case Study of World Bank Projects in Turkey: An Evaluation of Barrowed Funds and Project Implementation, Systems Synthesis Project, Heinz School of Public Policy and Management, Carnegie Mellon University, Spring 2007
Our analysis was supplemented with external research and the expertise of our team to develop substantive recommendations for the Turkish government. The overarching finding was that World Bank funding continues to contribute to Turkey’s development and is an important contributor to Turkey’s economic growth. However, there are tangible ways by which Turkey can improve the use of funds to have a greater impact, benefiting Turkey both socially and economically. Based on the comprehensive findings, the four main recommendations are:
• More effective planning can improve the implementation of World Bank funded projects in Turkey.
• Evaluation of loan disbursements and repayments in real terms will provide clearer picture of loan costs and interest rates.
• Increased transparency in the selection, execution, and evaluation of projects can lead to gains in efficiency.
• Greater accountability has the potential to improve multiple phases of projects, and thereby, influence the overall effectiveness of project implementation.
These recommendations are intended to be feasible and practical, enabling Turkey to take full advantage of World Bank funding.