The Country Partnership Framework (CPF)follows three distinct periods that have framed the WorldBank Group’s (WBG’s) relationship with Ecuador. There was anextended period (FY07-FY14) in which the WBG had a limiteddialogue with the Government of Ecuador (GoE, theGovernment), followed by a two-year period in which thepolicy dialogue, analytical work and lending operations werere-initiated in targeted areas of engagement, under theframework of the FY14-FY15 Interim Strategy Note (ISN).Finally, in early 2016 during a period of uncertainty amidsta rapidly changing context, the WBG Country Engagement Notefor the period FY16-FY17 provided the structure for acontinued reengagement in limited, focused areas, and helpeddevelop deeper knowledge about Ecuador’s broader developmentchallenges through strategic analytical work that will helpadvance towards the preparation of a broader, medium-termengagement framework for the WBG. The CPF represents asignificant scale up of the WBG’s ongoing engagement inEcuador and requires the WBG, the World Bank (WB), theInternational Finance Corporation (IFC) and the MultilateralInvestment Guarantee Agency (MIGA) to work in a closelycoordinated and complementary fashion in support of the CPFobjectives and program. The WB, IFC, and MIGA will continueworking together to deliver top quality support to Ecuador’sefforts at building a thriving private sector, and maximizefinance for development, including in the design ofDevelopment Policy Financing (DPF) operations. In this newcontext, the WBG will be: (i) front-loading its financialsupport for the current efforts at macro-stabilization,revival of the private sector, and protection of the poorand vulnerable; (ii) continuing to produce quality andtimely Advisory Services and Analytics (ASA); (iii)increasing its partnership with other InternationalFinancial Institutions (IFIs) and development partners; (iv)continuing to look for investment opportunities withcompanies in several sectors (e.g. agribusiness,manufacturing and financial institutions) and where enablingconditions are improved (e.g. mining), and (v) scaling itsdialogue with multiple stakeholders in the country,including the private sector and civil societyorganizations, to assure complementarity and the mutualreinforcement of their agendas. The Performance and LearningReview (PLR), scheduled for FY21, will provide theopportunity to take stock of progress towards CPF objectivesand determine how best to adjust, continue, and deepen theWBG’s engagement in Ecuador.
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