Absence of a clear feasibility study
Limited assessment of environmental impacts
Limited assessment of social impacts
Limited assessment of economic impacts
Weak stakeholder engagement
Limited competition
Frequent project delays (time overruns)
Lack of maintenance plans
Description
The World Bank is an international financial institution that provides loans and grants to the governments of low- and middle-income countries for the purpose of pursuing capital projects. It comprises two institutions: the International Bank for Reconstruction and Development (IBRD), and the International Development Association (IDA). The World Bank is a component of the World Bank Group.