These indicators should be linked to the policy matrix, as reforms should contribute to the achievement of these indicators. When a particular reform is delayed, then additional technical assistance resources will need to be provided to address the problem. When policy actions are not completely achieved or when they are assessed as either satisfactory or ongoing (as in the case of the two actions for the tranche 2 release of the Third Financial Sector Program Loan), then the subsequent subprogram should immediately focus on these actions at the design stage, so that they do not fall through the cracks between subprograms or even between clusters. The post-program partnership framework is important to maintain dialogue between program clusters. While the policy matrix and the design and monitoring framework are separate documents in form, they should be connected through a cause and effect relationship. [Main text, para. 43(iii)]
Third Financial Sector Program Loan