|This Operational Policy statement was revised in March 2012 to take into account the provisions of OP/BP 9.00, issued in February 2012; and previously revised in August 2004 to reflect the term "development policy lending" (formerly adjustment lending), in accordance with OP/BP 8.60, issued in August 2004.|
Note: OP and BP 13.16 together replace OMS 3.51,Country Implementation Reviews.
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Revised March 2012
1. The Bank1 and borrower carry out periodic Country Portfolio Performance Reviews (CPPRs) to strengthen portfolio performance and thereby enhance the development impact of projects. CPPRs assist the Bank to (a) learn from implementation experience to improve both the implementation of the existing portfolio and the quality of projects entering the portfolio; (b) reinforce borrower ownership of Bank-financed projects; (c) develop the design of the Bank's Country Assistance Strategy; and (d) ensure the continued relevance of projects in the portfolio for sector strategies. The CPPR gives the borrower the opportunity to carry out its own assessment of the portfolio and to raise any problems it has with the Bank.
2. During CPPR meetings, Bank staff consult with borrowers to (a) assess the borrower's continuing ownership of, and commitment to, the projects in the existing country portfolio; and (b) discuss key project-specific and systemic issues and attempt to resolve them or develop a specific time-bound remedial action plan that proposes the actions to be taken, the entity responsible for taking each action, and the dates by which the actions need to be taken.
3. As part of the continuous process of portfolio management, the country department schedules periodic CPPRs, normally every 12 to 18 months for active borrowers with more than 20 projects under implementation or more than US$1 billion in outstanding loans.2 For countries with fewer projects under implementation and a smaller amount in outstanding loans, CPPRs may be conducted less frequently.
"Bank" includes IBRD and IDA; "loans" includes IDA credits and IDA grants; "borrowers" includes guarantors and public or private subborrowers; and "project" refers to the activities included in an investment operation, the program supported under Program-for-Results financing operation, and the program supported under a development policy lending operation.
The frequency of CPPRs is largely determined by the health of the portfolio and by other macroeconomic/sectoral issues affecting portfolio implementation.