World Bank Approves Results-Based Lending Option

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Washington, DC: On January 24 the World Bank Board of Executive Directors approved a new results-based lending instrument -- the Program-for-Results (PforR). The new instrument aims offers the Bank's client countries more options for financing specific development programs including access to health care or water and sanitation services.

The instrument was developed over several years and in consultation with a wide range of stakeholders including the Global Pratnership on Output-Based Aid (GPOBA), the Bank's client countries, donors, civil society organizations and academics. Like output-based aid [3] (OBA), PforR will only pay after specified results have been achieved and verified. Read more [4]