Poverty Reduction Support Credits : An Evaluation of World Bank Support

Poverty Reduction Support Credits (PRSCs) were intended to help countries implement comprehensive, country-owned development strategies to promote growth, improve social conditions, and reduce poverty. PRSCs were intended to ease conditionality, ma...

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Main Author:	World Bank
Format:	Brief
Language:	English
Published:	Washington, DC 2012
Subjects:	ACCOUNTABILITY ADJUSTMENT LENDING ADJUSTMENT LOANS AID COORDINATION BANK POLICY BENCHMARKS CAPACITY BUILDING CIVIL SOCIETY COMPREHENSIVE DEVELOPMENT COMPREHENSIVE DEVELOPMENT FRAMEWORK CORRUPTION COUNTRY ASSISTANCE COUNTRY ASSISTANCE STRATEGIES COUNTRY PERFORMANCE CREDIBILITY CREDITS DEVELOPMENT POLICY DEVELOPMENT STRATEGIES DEVELOPMENT STRATEGY DISBURSEMENTS ECONOMIC GROWTH EXPENDITURE FINANCIAL MANAGEMENT INITIATIVE INSTRUMENT INVESTMENT CLIMATE LEADERSHIP LENDERS LENDING PORTFOLIO LOAN MACROECONOMIC ADJUSTMENT MONETARY FUND PORTFOLIO PROCUREMENT RESOURCE ALLOCATION SECTOR PROJECTS SERVICE DELIVERY STRUCTURAL ADJUSTMENT TRANCHE TRANSACTIONS COSTS TRANSPARENCY WATER SUPPLY
Online Access:	http://documents.worldbank.org/curated/en/2009/11/12815142/poverty-reduction-support-credits-evaluation-world-bank-support http://hdl.handle.net/10986/10515

id	okr-10986-10515
recordtype	oai_dc
spelling	okr-10986-105152021-04-23T14:02:51Z Poverty Reduction Support Credits : An Evaluation of World Bank Support World Bank ACCOUNTABILITY ADJUSTMENT LENDING ADJUSTMENT LOANS AID COORDINATION BANK POLICY BENCHMARKS CAPACITY BUILDING CIVIL SOCIETY COMPREHENSIVE DEVELOPMENT COMPREHENSIVE DEVELOPMENT FRAMEWORK CORRUPTION COUNTRY ASSISTANCE COUNTRY ASSISTANCE STRATEGIES COUNTRY PERFORMANCE CREDIBILITY CREDITS DEVELOPMENT POLICY DEVELOPMENT STRATEGIES DEVELOPMENT STRATEGY DISBURSEMENTS ECONOMIC GROWTH EXPENDITURE FINANCIAL MANAGEMENT INITIATIVE INSTRUMENT INVESTMENT CLIMATE LEADERSHIP LENDERS LENDING PORTFOLIO LOAN MACROECONOMIC ADJUSTMENT MONETARY FUND PORTFOLIO PROCUREMENT RESOURCE ALLOCATION SECTOR PROJECTS SERVICE DELIVERY STRUCTURAL ADJUSTMENT TRANCHE TRANSACTIONS COSTS TRANSPARENCY WATER SUPPLY Poverty Reduction Support Credits (PRSCs) were intended to help countries implement comprehensive, country-owned development strategies to promote growth, improve social conditions, and reduce poverty. PRSCs were intended to ease conditionality, make annual flows to recipient countries predictable and integrated with their budgets, strengthen domestic budget processes, provide a framework for donor harmonization, and focus on achieving results. In terms of process, PRSCs have worked well. Findings show that they incorporated many envisaged changes in design and implementation. These include stronger country ownership, eased conditionality, and a shift of focus towards public sector management and pro-poor service delivery. PRSCs balanced tensions between predictability and program credibility. Although PRSCs differed from preceding adjustment loans, development policy lending today has converged towards a similar design. PRSCs today are subject to the same guidelines as other Development Policy Loans (DPLs). Differences remain in practice in terms of the association with PRSPs, broad scope, programmatic nature, and country performance. The evaluation recommends either that PRSCs be phased out as a separate brand name or that these differences be clearly spelled out. 2012-08-13T11:51:42Z 2012-08-13T11:51:42Z 2009-11 http://documents.worldbank.org/curated/en/2009/11/12815142/poverty-reduction-support-credits-evaluation-world-bank-support http://hdl.handle.net/10986/10515 English IEG Fast Track Brief CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo/ World Bank Washington, DC Publications & Research :: Brief Publications & Research
repository_type	Digital Repository
institution_category	Foreign Institution
institution	Digital Repositories
building	World Bank Open Knowledge Repository
collection	World Bank
language	English
topic	ACCOUNTABILITY ADJUSTMENT LENDING ADJUSTMENT LOANS AID COORDINATION BANK POLICY BENCHMARKS CAPACITY BUILDING CIVIL SOCIETY COMPREHENSIVE DEVELOPMENT COMPREHENSIVE DEVELOPMENT FRAMEWORK CORRUPTION COUNTRY ASSISTANCE COUNTRY ASSISTANCE STRATEGIES COUNTRY PERFORMANCE CREDIBILITY CREDITS DEVELOPMENT POLICY DEVELOPMENT STRATEGIES DEVELOPMENT STRATEGY DISBURSEMENTS ECONOMIC GROWTH EXPENDITURE FINANCIAL MANAGEMENT INITIATIVE INSTRUMENT INVESTMENT CLIMATE LEADERSHIP LENDERS LENDING PORTFOLIO LOAN MACROECONOMIC ADJUSTMENT MONETARY FUND PORTFOLIO PROCUREMENT RESOURCE ALLOCATION SECTOR PROJECTS SERVICE DELIVERY STRUCTURAL ADJUSTMENT TRANCHE TRANSACTIONS COSTS TRANSPARENCY WATER SUPPLY
spellingShingle	ACCOUNTABILITY ADJUSTMENT LENDING ADJUSTMENT LOANS AID COORDINATION BANK POLICY BENCHMARKS CAPACITY BUILDING CIVIL SOCIETY COMPREHENSIVE DEVELOPMENT COMPREHENSIVE DEVELOPMENT FRAMEWORK CORRUPTION COUNTRY ASSISTANCE COUNTRY ASSISTANCE STRATEGIES COUNTRY PERFORMANCE CREDIBILITY CREDITS DEVELOPMENT POLICY DEVELOPMENT STRATEGIES DEVELOPMENT STRATEGY DISBURSEMENTS ECONOMIC GROWTH EXPENDITURE FINANCIAL MANAGEMENT INITIATIVE INSTRUMENT INVESTMENT CLIMATE LEADERSHIP LENDERS LENDING PORTFOLIO LOAN MACROECONOMIC ADJUSTMENT MONETARY FUND PORTFOLIO PROCUREMENT RESOURCE ALLOCATION SECTOR PROJECTS SERVICE DELIVERY STRUCTURAL ADJUSTMENT TRANCHE TRANSACTIONS COSTS TRANSPARENCY WATER SUPPLY World Bank Poverty Reduction Support Credits : An Evaluation of World Bank Support
relation	IEG Fast Track Brief
description	Poverty Reduction Support Credits (PRSCs) were intended to help countries implement comprehensive, country-owned development strategies to promote growth, improve social conditions, and reduce poverty. PRSCs were intended to ease conditionality, make annual flows to recipient countries predictable and integrated with their budgets, strengthen domestic budget processes, provide a framework for donor harmonization, and focus on achieving results. In terms of process, PRSCs have worked well. Findings show that they incorporated many envisaged changes in design and implementation. These include stronger country ownership, eased conditionality, and a shift of focus towards public sector management and pro-poor service delivery. PRSCs balanced tensions between predictability and program credibility. Although PRSCs differed from preceding adjustment loans, development policy lending today has converged towards a similar design. PRSCs today are subject to the same guidelines as other Development Policy Loans (DPLs). Differences remain in practice in terms of the association with PRSPs, broad scope, programmatic nature, and country performance. The evaluation recommends either that PRSCs be phased out as a separate brand name or that these differences be clearly spelled out.
format	Publications & Research :: Brief
author	World Bank
author_facet	World Bank
author_sort	World Bank
title	Poverty Reduction Support Credits : An Evaluation of World Bank Support
title_short	Poverty Reduction Support Credits : An Evaluation of World Bank Support
title_full	Poverty Reduction Support Credits : An Evaluation of World Bank Support
title_fullStr	Poverty Reduction Support Credits : An Evaluation of World Bank Support
title_full_unstemmed	Poverty Reduction Support Credits : An Evaluation of World Bank Support
title_sort	poverty reduction support credits : an evaluation of world bank support
publisher	Washington, DC
publishDate	2012
url	http://documents.worldbank.org/curated/en/2009/11/12815142/poverty-reduction-support-credits-evaluation-world-bank-support http://hdl.handle.net/10986/10515
_version_	1764413377121091584

Poverty Reduction Support Credits : An Evaluation of World Bank Support

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