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Lesson
Policy-based loans should ensure adequate support for reform implementation. Accompanying TA would help clients meet key program targets, such as implementation of the IGF and medium-term budgeting. Policy-based loan design should ensure that TA findings are translated into actions. With the MFEM’s preference for policy-based lending, loan design should ensure strong links between TA and the program being supported.

Project Number: 42503-013, 42503-023
Project Name: Economic Recovery Support Program - Subprograms 1 and 2
Report Date:
Lesson
Policy-based loans are useful instruments for aligning donor activities and securing donor participation. As noted above, donors provide a significant amount of resources, including for capacity building. Various modalities of donor participation and coordination could be explored in the design of policy-based loans, such as inclusion of donor commitment and funding of specific programs and projects (especially in the social sectors, where donors are active) and TA (notably in PFM).

Project Number: 42503-013, 42503-023
Project Name: Economic Recovery Support Program - Subprograms 1 and 2
Report Date:
Lesson
Addressing multiple development challenges in a single operation results in complex program design that is not appropriate where capacity is a key constraint. Narrowing the thematic focus (e.g., infrastructure governance reform) could result in a more coherent program.

Project Number: 42503-013, 42503-023
Project Name: Economic Recovery Support Program - Subprograms 1 and 2
Report Date:
Lesson
No new lessons

Project Number: 42503-013, 42503-023
Project Name: Economic Recovery Support Program—Subprograms 1 and 2
Report Date:
Lesson
The provisions of funds under a program loan will generally only have an immediate impact on the overall level of economic activity if a pipeline of projects is in place when the funding becomes available. This was not the case when the ERSP (economic recovery support program) subprogram 1 loan was disbursed, but the delay in capital project construction to ensure more sustainable and beneficial projects were implemented was desirable.

Project Number: 42503-013
Project Name: Economic Recovery Support Program - Subprograms 1 and 2
Report Date: