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The annual
implementation status report presents the main features of the Fund’s
project portfolio and implementation performance. It represents a first
attempt to place greater emphasis on analysing portfolio performance
with a view to describing the measures identified to best address existing
problems and constraints, and to assess their impact. In the future,
both the Fund’s increasing capacity to identify, analyse and address
implementation problems and the resultant improvement of overall portfolio
performance will be reflected in the annual progress report on project
implementation. Therefore, this report should be considered as the first
of an evolving process which is expected to improve in terms of quality
as the internal analytical and reporting process develops.
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