The International Development Association’s Sustainable Development Finance Policy : An Early-Stage Evaluation

This evaluation provides an early-stage assessment of the Sustainable Development Finance Policy (SDFP) of the International Development Association (IDA), which went into effect July 1, 2020. A steep rise in debt vulnerabilities in IDA-eligible co...

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Main Authors:	World Bank, Independent Evaluation Group
Format:	Report
Language:	English
Published:	World Bank, Washington, DC 2022
Subjects:	UNITED NATIONS CONFERENCE ON TRADE AND DEVELOPMENT SUSTAINABLE DEVELOPMENT SUSTAINABLE DEVELOPMENT FINANCE POLICY EFFECTIVENESS EVALUATION PUBLIC INVESTMENT MANAGEMENT DEBT SUSTAINABILITY 19TH IDA REPLENISHMENT MULTILATERAL DEBT RELIEF INITIATIVE DEBT SUSTAINABILITY ENHANCEMENT PROGRAM
Online Access:	http://documents.worldbank.org/curated/en/654111636583607689/The-International-Development-Association-s-Sustainable-Development-Finance-Policy-An-Early-Stage-Evaluation http://hdl.handle.net/10986/37375

id	okr-10986-37375
recordtype	oai_dc
spelling	okr-10986-373752022-05-04T05:10:33Z The International Development Association’s Sustainable Development Finance Policy : An Early-Stage Evaluation World Bank Independent Evaluation Group UNITED NATIONS CONFERENCE ON TRADE AND DEVELOPMENT SUSTAINABLE DEVELOPMENT SUSTAINABLE DEVELOPMENT FINANCE POLICY EFFECTIVENESS EVALUATION PUBLIC INVESTMENT MANAGEMENT DEBT SUSTAINABILITY 19TH IDA REPLENISHMENT MULTILATERAL DEBT RELIEF INITIATIVE DEBT SUSTAINABILITY ENHANCEMENT PROGRAM This evaluation provides an early-stage assessment of the Sustainable Development Finance Policy (SDFP) of the International Development Association (IDA), which went into effect July 1, 2020. A steep rise in debt vulnerabilities in IDA-eligible countries over the past decade highlighted weaknesses in the previous policy, the Non-Concessional Borrowing Policy (NCBP), and precipitated IDA deputies' request for adaptation in IDA's allocation and financial policies through the SDFP. The SDFP improves on the NCBP by broadening country coverage to include more countries at risk of debt distress, and it includes domestic debt, which has been an important factor in rising debt stress for IDA-eligible countries. The SDFP is intended to enhance incentives to address country-specific drivers of debt stress. This evaluation assesses whether there is scope to improve the design and implementation of the SDFP and whether potentially vulnerable countries are excluded from performing necessary performance and policy actions (PPAs), given the speed at which some IDA-eligible countries have moved to higher levels of debt distress. The evaluation also assesses whether PPAs are systematically targeting the most important country-specific drivers of debt stress and offers principles that to guide future PPAs. 2022-05-03T22:16:42Z 2022-05-03T22:16:42Z 2021 Report http://documents.worldbank.org/curated/en/654111636583607689/The-International-Development-Association-s-Sustainable-Development-Finance-Policy-An-Early-Stage-Evaluation http://hdl.handle.net/10986/37375 English CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo World Bank World Bank, Washington, DC IEG Evaluation 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	UNITED NATIONS CONFERENCE ON TRADE AND DEVELOPMENT SUSTAINABLE DEVELOPMENT SUSTAINABLE DEVELOPMENT FINANCE POLICY EFFECTIVENESS EVALUATION PUBLIC INVESTMENT MANAGEMENT DEBT SUSTAINABILITY 19TH IDA REPLENISHMENT MULTILATERAL DEBT RELIEF INITIATIVE DEBT SUSTAINABILITY ENHANCEMENT PROGRAM
spellingShingle	UNITED NATIONS CONFERENCE ON TRADE AND DEVELOPMENT SUSTAINABLE DEVELOPMENT SUSTAINABLE DEVELOPMENT FINANCE POLICY EFFECTIVENESS EVALUATION PUBLIC INVESTMENT MANAGEMENT DEBT SUSTAINABILITY 19TH IDA REPLENISHMENT MULTILATERAL DEBT RELIEF INITIATIVE DEBT SUSTAINABILITY ENHANCEMENT PROGRAM World Bank Independent Evaluation Group The International Development Association’s Sustainable Development Finance Policy : An Early-Stage Evaluation
description	This evaluation provides an early-stage assessment of the Sustainable Development Finance Policy (SDFP) of the International Development Association (IDA), which went into effect July 1, 2020. A steep rise in debt vulnerabilities in IDA-eligible countries over the past decade highlighted weaknesses in the previous policy, the Non-Concessional Borrowing Policy (NCBP), and precipitated IDA deputies' request for adaptation in IDA's allocation and financial policies through the SDFP. The SDFP improves on the NCBP by broadening country coverage to include more countries at risk of debt distress, and it includes domestic debt, which has been an important factor in rising debt stress for IDA-eligible countries. The SDFP is intended to enhance incentives to address country-specific drivers of debt stress. This evaluation assesses whether there is scope to improve the design and implementation of the SDFP and whether potentially vulnerable countries are excluded from performing necessary performance and policy actions (PPAs), given the speed at which some IDA-eligible countries have moved to higher levels of debt distress. The evaluation also assesses whether PPAs are systematically targeting the most important country-specific drivers of debt stress and offers principles that to guide future PPAs.
format	Report
author	World Bank Independent Evaluation Group
author_facet	World Bank Independent Evaluation Group
author_sort	World Bank
title	The International Development Association’s Sustainable Development Finance Policy : An Early-Stage Evaluation
title_short	The International Development Association’s Sustainable Development Finance Policy : An Early-Stage Evaluation
title_full	The International Development Association’s Sustainable Development Finance Policy : An Early-Stage Evaluation
title_fullStr	The International Development Association’s Sustainable Development Finance Policy : An Early-Stage Evaluation
title_full_unstemmed	The International Development Association’s Sustainable Development Finance Policy : An Early-Stage Evaluation
title_sort	international development association’s sustainable development finance policy : an early-stage evaluation
publisher	World Bank, Washington, DC
publishDate	2022
url	http://documents.worldbank.org/curated/en/654111636583607689/The-International-Development-Association-s-Sustainable-Development-Finance-Policy-An-Early-Stage-Evaluation http://hdl.handle.net/10986/37375
_version_	1764487024493985792

The International Development Association’s Sustainable Development Finance Policy : An Early-Stage Evaluation

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