Summary Report: Evaluation of the Policy-Based Loan Portfolio: Phase III
The purpose of this document (RE-239) is to analyze the way in which the Bank has been supporting sector reform policies in various countries in recent years. It is based on a sample based on the principal evaluation results from 14 sector loans that were approved between 1990 and 1995, in eight member countries of the Bank. Drawing on elements both of theory and of empirical evidence, the document establishes a set of features that are necessary for achieving sustained growth of the kind that will contribute to reducing poverty. The sector operation evaluations analyzed here focus on the impact of sector lending in supporting policies and institutions in those areas where major efforts are being made to consolidate stabilization and improve growth prospects, and thereby to reduce poverty.