Piloting Results-Based Lending for Programs: Proposed Increase in Resource Allocation Ceiling
Asian Development Bank | March 2018
Abstract
ADB introduced results-based lending (RBL) for programs in June 2013. RBL was conceived and developed in the context of broader efforts by the international development community to expand the use of results-based financing modalities. It aims to strengthen incentive and accountability for results in development assistance operations by linking loan disbursements with results. Multilateral development banks (MDBs) and other agencies have been utilizing elements of results-based financing since the late 1990s through such mechanisms as cash on delivery aid, conditional cash transfers, output-based aid, and performance-based contracts. ADB’s Third Primary Education Development Project in Bangladesh approved in July 2011 used a sector-wide approach with ADB financing linked to clearly defined indicators and relying on the government’s treasury system for financial management. The World Bank introduced the program-for-results (PforR) financing instrument in January 2012. ADB built on these discussions in developing its version of results-based financing, RBL. Based on the policy paper entitled Piloting Results-Based Lending for Programs (RBL policy), ADB introduced this new modality on a pilot basis, from 6 June 2013 to 5 June 2019.
Citation
Asian Development Bank. 2018. Piloting Results-Based Lending for Programs: Proposed Increase in Resource Allocation Ceiling. © Asian Development Bank. http://hdl.handle.net/11540/8543. License: CC BY 3.0 IGO.Keywords
Financial Stability
Financial Management System
Financial Restructuring
Capital Market Development
Market Development
Economics
Erosion
International Economics
Macroeconomic
Macroeconomic Analysis
Performance Evaluation
Impact Evaluation
Foreign and Domestic Financing
Foreign Direct Investment
International Financial Market
Multilateral Financial Institutions
Economic Recession
Market
Crisis
Economic indicators
Growth models
Gross domestic product
Macroeconomics
Economic forecast
Business Financing
Investment Requirements
Business recessions
Multilateral development banks
Regulatory reform
Capital
Exports
Economic development projects
Economic policy
Economic forecasting
Investment Requirements
Banks
International banks and banking
Capital movements
Central banks and banking
Bills of exchange
Swaps
Banks and banking
Financial crisis
Credit control
Credit allocation
Capital market
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