Multiphase Programmatic Approach (MPA) allows countries to structure a long, large, or complex engagement as a set of smaller linked operations (or phases), under one program. As a result of breaking down a single loan into phases, Bank clients can match borrowing more closely with financing needs, permitting more efficient use of financial resources for both the Bank and clients. This “adaptive approach” also strengthens the potential for crowding in other sources of capital to support development objectives.
Subsequent phases of MPA programs will be prepared as separate operations with rigorous adherence to all applicable World Bank policies with regard to management reviews, fiduciary assessments, environmental and social safeguards assessments, and timely public disclosures and consultation with affected people.
This approach also encourages more learning and adaptation, as subsequent phases will be informed by lessons learned in previous ones. This will help ensure operations are more responsive to changing country circumstances.
The World Bank's COVID-19 Fast-Track Facility (using the MPA) is allowing fast action to help countries strengthen their pandemic response, improve public health interventions, and help the private sector continue to operate and sustain jobs.
Multiphase Programmatic Approach Paper, World Bank Board of Directors, 2017