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Human and Social Development - Evaluation of Bank Group Policy - Based Lending Operations, 1986 - 97


In response to the directives of ADF VI mid-term review, Management, in 1993 commissioned a study on Bank Group experience in policy-based lending operations for the period 1986-1993. The study was carried out by a team of two consultants. The present report is written in response to a similar directive on ADF VII to:

"Assess the development impacts of policy-based lending (PBL) instrument and report on experience".

The report is prepared by OPEV with the assistance of one of the consultants who prepared the 1993 report.

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