Medium-term policy engagement. While a single-tranche modality was selected for ADB's operation, this was embedded in a programmatic, multiyear, policy reform effort with ongoing reforms contained in the policy reform matrix supported by several partners. The reforms selected were few in number but large in potential impact. They were clearly defined, widely owned, and had time-bound milestones that triggered financial and technical support, either by ADB or by other partners supporting the government-led reform effort. Furthermore, Government and partners have moved towards adoption of a programmatic approach to budget support to operationalize the coordinated, multi-donor, medium-term, programmatic dialogue already underway.
Strengthened Public Financial Management Program