Poverty Reduction Support Credits : An Evaluation of World Bank Support.
Title:
Poverty Reduction Support Credits : An Evaluation of World Bank Support.
Author:
Bank, The World.
ISBN:
9780821383063
Personal Author:
Physical Description:
1 online resource (200 pages)
Series:
Independent Evaluation Group Studies
Contents:
Cover -- Title Page -- Copyright -- Contents -- Abbreviations -- Acknowledgments -- Foreword -- Executive Summary -- Management Response -- Chairperson's Summary: Committee on Development Effectiveness (CODE) -- Synthesis of Comments from External Expert Panel Review -- Chapter 1: Introduction -- Adjustment Lending and Poverty Reduction Support Credits -- PRSC Growth and Regional Distribution -- Parallel Changes in the Lending Environment and Aid Architecture -- Objectives and Scope of the Evaluation -- Methodology and Data Sources -- Chapter 2: PRSC Design -- Country Selection -- Sector Focus -- Conditionality -- Flexibility-Modification of Conditions -- Predictability and Regularity -- Chapter 3: PRSC Process -- Alignment with National Development Strategies -- Ownership and Policy Dialogue -- Operationalization of the Development Plan -- Results Frameworks, Monitoring, and Evaluation -- Chapter 4: PRSCs and Donor Harmonization -- Overview of PRSC Contributions to Aid Flows -- PRSC Programs: Modalities of Harmonization -- Achievements of PRSCs in a Multidonor Environment -- Joint Missions and Joint Analytic Work-PRSC and Non-PRSC Countries -- Views on Harmonization: Clients, Staff, and Donors -- Chapter 5: PRSC Outcomes: Public Financial Management and Procurement -- PRSCs and Public Financial Management Reforms -- Diagnostic Work -- Design and Implementation -- PRSC Public Financial Management Programs-Results Achieved -- Chapter 6: Growth, Poverty, and PRSCs -- PRSC Countries-Creating a Growth-Enabling Environment -- PRSC Countries-Helping Poverty Alleviation -- PRSC Outcomes-IEG Ratings and IEG Surveys -- Chapter 7: Conclusions and Recommendations -- Findings on Design and Process -- Findings on PRSC Outcomes -- Findings on PRSC Contributions to Donor Harmonization -- Findings on PRSC as an Instrument of Sectoral Support -- Recommendations.
Appendixes -- A: Appendix Tables -- B: Additional Data and Annexes Available -- Endnotes -- Bibliography -- Back cover.
Abstract:
This evaluation examines the relevance and effectiveness of Poverty Reduction Support Credits (PRSCs), introduced by the Bank in early 2001 to support comprehensive growth, improve social conditions, and reduce poverty in IDA countries. PRSCs were intended to allow greater country-ownership, provide more predictable annual support, exhibit more flexible conditionality, and strengthen budget processes in a results-based framework. By September 2009, the Bank had approved 99 PRSCs totaling some 7.5 billion and representing 38% percent of IDA policy based lending. The evaluation finds that in terms of process, PRSCs were effective in easing conditionality, increasing country ownership and aid predictability, stimulating dialogue between central and sectoral ministries, and improving donor harmonization. In terms of content, PRSCs succeeded in emphasizing public sector management and pro-poor service delivery. Yet in terms of results, it is difficult to distinguish growth and poverty outcomes in countries with PRSCs from other better performing IDA countries. There is scope for further simplifying the language of conditionality and underpinning PRSCs with better pro-poor growth diagnostics. PRSCs can also strengthen their results frameworks and limit sector policy content in multi-sector DPLs to high-level or cross-cutting issues. Today, Bank policy has subsumed PRSCs under the broader mantle of Development Policy Lending and the rationale for a separate 'brand name' although differences linger from the past. Since PRSCs and other policy-based lending have gradually converged in design, remaining differences compared to other Development Policy Loans should be clearly spelled out, or the separate PRSC brand name should be phased out.
Local Note:
Electronic reproduction. Ann Arbor, Michigan : ProQuest Ebook Central, 2017. Available via World Wide Web. Access may be limited to ProQuest Ebook Central affiliated libraries.
Genre:
Electronic Access:
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