Findings from Evaluations of Policy-Based Guarantees

Independent Evaluation Group

World Bank, Washington, DC

关键词: macroeconomic policy;    credit;    guarantees;    development policy operations;   

RP-ID  :  109334

学科分类：社会科学、人文和艺术（综合）

来源: World Bank Open Knowledge Repository

【 摘 要 】

This paper is a survey of practices andresults that have been observed in the implementation ofPBGs, drawing largely upon four in-depth Project PerformanceAssessment Reports undertaken by IEG, in Serbia, Macedonia,and Montenegro. It also draws upon IEG’s evaluations ofGhana’s Poverty Reduction Support Credits, which providebackground material on the 2015 Ghana PBG. A recent WorldBank review of the Albania PBG was also taken intoconsideration. The report draws on IEG’s technical analyses,coordinated with relevant units of the World Bank and,finally, interviews with a cross-section of World Bankstaff. It therefore represents an initial step in buildinggreater awareness of a relatively new and important tool indevelopment finance.