![]() Reviews of Development Policy Lending Use A database (Excel file) of prior actions for all development policy operations since fiscal year 2005 is updated annually at the end of each fiscal year by the Operations Policy and Country Services Vice Presidency. ![]() These present the legal terms defined in the financing agreement. Prior Actions are policy and institutional actions deemed critical to achieving the objectives of a program supported by the development policy operation. Alignment of the DPF program with the Goals of the Paris Agreement, as determined by the Bank.ĭevelopment Policy Operations: Prior Actions.completion of a set of critical policy and institutional actions agreed between the Bank and the client.satisfactory implementation of the overall reform program.maintenance of an adequate macroeconomic policy framework, as determined by the Bank with inputs from IMF assessments.Funds are made available to the client based on: The DPF with a deferred drawdown option for catastrophe risks ( Cat DDO) offers contingent financing in the aftermath of natural disasters and health emergencies. DPF can be extended as loans, credits/grants, or guarantees. The Bank determines whether specific policies supported by the operation are likely to have significant poverty and social consequences, especially on poor people and vulnerable groups, whether specific country policies supported by the operation are likely to cause significant effects on the borrower country's environment, forests, and other natural resources, and, starting from July 1, 2023, whether the operation is aligned with the goals of the Paris Agreement. The DPF Policy emphasizes country ownership, stakeholder consultation, donor coordination, and results. The Bank's use of DPF in a country is determined in the context of its Country Engagement. ![]() DPF supports such reforms through non-earmarked general budget financing that is subject to the borrower's own implementation processes and systems. DPF supports borrowers in achieving sustainable, shared growth and poverty reduction through a program of policy and institutional actions aimed at, for example, strengthening public financial management, improving the investment climate, addressing bottlenecks to improve service delivery, and diversifying the economy. ![]() Development Policy Financing (DPF) provides rapidly-disbursing financing to help a borrower address actual or anticipated development financing requirements. ![]()
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