In early 2012, the World Bank introduced a new lending instrument, Program-for Results (PforR). When approving the instrument, the World Bank's Board of Executive Directors asked for a review of the new instrument after two years of implementation. They noted that implementation experience in the first two years would be limited, but expected that some valuable lessons could be learned from review of preparation of operations and of early implementation experiences. Read the review.
Two major objectives of the review:
- assess the early experience with the design and implementation of PforR operations and the challenges faced by borrowers, development partners, and Bank staff;
- identify emerging early lessons and recommend any proposed changes to the PforR framework that would strengthen the instrument.
Methodological approach and process of the review:
- A literature and desk review was carried out by five working groups organized thematically around the following areas: overall management and organization, results and disbursement-linked indicators (DLIs), fiduciary aspects, environmental and social aspects, and program scope and related capacity-building efforts and partnerships.
- Two surveys were conducted, both having internal and external contributors. The first survey was sent to country directors, country managers and their counterparts in client countries that have no PforR operations under implementation or preparation. This survey assessed the nature and extent of the knowledge and dialogue around the PforR instrument. The second survey was sent to Bank managers, task teams and their country counterparts and asked for their perspectives on PforR operations that were approved or under preparation. Following the surveys, structured interviews were conducted with government officials and with senior Bank managers, providing more qualitative insights about the experiences and lessons learned.
- Consultations on the findings of the review were undertaken with key stakeholders.