Poverty reduction support credits : an evaluation of World Bank support, Vol. 1 of 1

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Poverty reduction support credits : an evaluation of World Bank support

Author:	Thomas, Vinod; Gray, Cheryl; Sundberg, Mark;	Collection Title:	IEG study series
Country:	World;	Date Stored:	2010/06/29
Document Date:	2010/05/21	Document Type:	Publication
ISBN:	978-0-8213-8305-6	Language:	English
Region:	The World Region	Report Number:	55026
SubTopics:	Public Sector Corruption & Anticorruption Measures; Economic Theory & Research; Banks & Banking Reform; Debt Markets; Country Strategy & Performance	Volume No:	1 of 1

Summary: The goal of Poverty Reduction Support Credits (PRSCs), introduced in early 2001 under World Bank Interim guidelines, was to help countries implement comprehensive, country-owned development strategies to promote growth, improve social conditions, and reduce poverty. PRSCs were intended to ease conditionality and to make annual flows to recipient countries predictable and integrated with their budgets. To reduce fiduciary risks associated with budget support, PRSCs were intended to strengthen domestic budget processes. They were seen as providing a framework for donor harmonization and were meant to focus on achieving clearly defined results.


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