Title: 2012 Development policy lending retrospective : results, risks, and reforms
Abstract: This report reviews the World Bank's use of its development policy lending instrument over the past three years. This is the third development policy lending retrospective since the Operational Policy (OP 8.60) was introduced in August 2004. It covers all 221 Development Policy Operations (DPOs) approved by the Board in the last three years, since the end of the last Retrospective and through the third quarter of FY12 (FY09 Q4-FY12 Q3). The objective of this exercise is to take stock of, and distill lessons from, the Bank's experience with the use of DPOs. In particular, it aims to assess (i) the extent to which DPOs have contributed to country results; (ii) the management of risks associated with DPOs and how opportunities were balanced against risks; and (iii) the effectiveness of the reforms that have been introduced to the governing operational policy as well as to practices. Chapter two presents the facts about these operations, their numbers, coverage, and amounts; chapters three, four, and five analyzes these operations in more depth from the standpoint of results, risks and opportunities, and reforms, respectively; and finally, chapter six presents conclusions and sets out future directions.
Publication Year: 2013
Publication Date: 2013-01-01
Language: en
Type: article
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Cited By Count: 5
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