Conditionality Revisited : Concepts, Experiences, and Lessons

Koeberle, Stefan ; Bedoya, Harold ; Silarszky, Peter ; Verheyen, Gero

Washington, DC:World Bank

关键词: ADVERSE CONSEQUENCES;    ANALYTICAL WORK;    BENCHMARKS;    BORROWER;    BORROWING;   

DOI  :  10.1596/0-8213-6013-2
RP-ID  :  32524

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 volume illustrates many questionsaround the different donor approaches to conditionalityremain controversial. How relevant is the number ofconditions? Is ex ante or ex post conditionality moreconducive as a mutual commitment device? How can budgetsupport be more predictable-by focusing conditions onspecific policy actions or on outcomes? How can risks bemanaged, and what is the optimal risk and failure rate ofconditions and programs? Ex post conditionality based oncompleted actions provides an alternative to traditional exante conditionality that promises to be more flexible andmore supportive of government ownership. It is at the coreof the programmatic approach to policy-based lending thathas increasingly become the World Bank's choice tosupport medium-term reforms. Another possible design option involves