The World Bank's Board of Executive Directors approved the Program-for-Results (PforR) financing instrument on January 24, 2012. PforR is an innovative financing instrument for the World Bank's client countries that links the disbursement of funds directly to the delivery of defined results.

This innovative instrument will help the Bank's partner countries improve the design and implementation of their development programs and achieve lasting results by strengthening institutions and building capacity. It will also help strengthen partnerships with government, development partners and other stakeholders by providing a platform to collaborate in larger country programs.