 | | The Poverty Reduction Support Credit (PRSC) is one of the World Bank’s key tools to support developing countries. PRSC was introduced in early 2001, in the context of global changes in aid architecture, which recognized the importance of country ownership, government reform commitment, and multidimensional poverty reduction. Compared with previous adjustment lending, PRSCs intended to ease conditionality, provide predictable annual support, and strengthen budget processes in results-based frameworks. MORE  | 
|  Additional Data and Annexes | Presentations
Management Response (PDF) | CODE Chairman's Summary (PDF)
| Download the Evaluation |
|  |  | |  |  | Clarify the use of PRSC and simplify the language of conditionality. Using PRSCs in connection with other development policies can lead to better results. Simplifying the language of conditionality will also make lending more flexible and base it on prior actions already achieved as well as on indicative prior actions for future lending. Click here to read findings of Client Perceptions of Conditionality
| | Underpin operations with comprehensive diagnostics and focus sector content on high-level or crosscutting issues. PRSCs need to incorporate country-specific growth diagnostics, reflecting the linkages between growth, poverty reduction, and broader social development. Additionally, PRSCs should focus on issues critical to facilitating key sectoral reforms and to strengthening sector budget processes. Click here to learn about Linking Reforms in Public Financial Management to a Broader Policy Reform Agenda
| | Enable greater voice for the World Bank in a multidonor budget support lending framework. To increase the World Bank’s substantive contributions and comments on development programs, it is important to synchronize the Bank’s internal processing schedule with country and donor group processes. This will, in turn, ensure Bank input to PRSC and Development Policy Lending formulation. Click here for examples of PRSC Donor Coordination
| | Strengthen results frameworks, link them with the underlying strategies, and increase their poverty focus. IEG’s evaluation finds that linking PRSCs results frameworks to Poverty Reduction and national development strategies, and simplifying them to a small set of core outcomes is critical. Furthermore, requiring results frameworks to incorporate pro-poor results indicators and building the results frameworks on country monitoring systems, to the extent feasible, can have positive impacts. Click here to read about Monitoring and Evaluation in PRSC Countries |
|
|
RSS