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Lesson
In Viet Nam legislation is often comprehensive but implementation weak. Implementation required close monitoring on an annual basis and ensured continued relevance to the government's reform progress. While the Poverty Reduction Support Credit operations provided financial support for implementing the whole Socioeconomic Development Plan (SEDP), they disbursed against the upfront completion of a number of specific reform measures identified within the SEDP agenda by consultation between partners and the government, led by the World Bank.

Project Number: 41046-013, 42191-013, 42191-023, 42191-033
Project Name: Support the Implementation of the Poverty Reduction Programs IV and V
Report Date:
Lesson
The Poverty Reduction Support Credit (PRSC) series served as an effective framework for policy dialogue and interactions between the government and donors. The PRSC exercise also served as a common forum for donors to raise concerns with the government and provided the donors with broad access to a large number of ministries and agencies. The role of cofinanciers under the PRSC evolved from providers of financing to partners engaged in policy dialogue and the preparation of operations.

Project Number: 41046-013, 42191-013, 42191-023, 42191-033
Project Name: Support the Implementation of the Poverty Reduction Programs IV and V
Report Date:
Lesson
The new series of programmatic development policy lending is taking this broad lesson into account, driven by a new Socioeconomic Development Plan report (2011-2015). Though focused on two of the four pillars of the last Poverty Reduction Support Credit series, policy coordination that reflects linkages in policy areas requires a strong analytical foundation to inform directions and specific decisions.

Project Number: 41046-013, 42191-013, 42191-023, 42191-033
Project Name: Support the Implementation of the Poverty Reduction Programs IV and V
Report Date:
Lesson
The breadth of the reform undertaking and linkages among policy actions across sectors called for a comprehensive approach to dialogue and support by development partners. Several development partners withdrew or reduced their development assistance to Viet Nam, in accordance with their aid practices for middle-income countries. The number of cofinanciers peaked at 11 for Poverty Reduction Support Credits (PRSCs) 6 and 7 and has fallen since, with some impact on the total level of financing under the PRSCs.

Project Number: 41046-013, 42191-013, 42191-023, 42191-033
Project Name: Support the Implementation of the Poverty Reduction Programs IV and V
Report Date:
Lesson
A program cluster approach with prior expected actions enveloped by a medium-term framework with flexibility built into its design is an effective approach to supporting government reforms. It promotes continuous dialogue with the government on reforms and allows for program changes to effectively and efficiently respond to new or worsening risks to the economy and shifts in government policy priorities.

Project Number: 41046-013, 42191-013, 42191-023, 42191-033
Project Name: Support the Implementation of the Poverty Reduction Programs IV and V
Report Date: