Every three years, the аIJʿª½± reviews its experience with Development Policy Financing. provides a systematic analysis of all development policy operations approved between April 2012 and December 2014 to identify lessons learned. The Retrospective also presents long-term trends in development policy financing, covering the first 10 years of the instrument.
аIJʿª½± staff use the analysis to improve the way they support countries. The findings were informed by .
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Development Policy Financing is a robust and flexible tool supporting a diverse set of countries, from middle-income ones, such as Turkey, to low-income ones, such as Madagascar. The reforms that development policy operations support also cover the broad spectrum ¨C from disaster risk management to fiscal reforms to social safety nets to environmental policy reforms.
Development policy operations make up approximately one-quarter of аIJʿª½± lending. This compares to roughly three-quarters of lending in Investment Project Finance. Total lending through Development Policy Financing in the last 10 years reached approximately $117 billion with a total of 630 operations and 22 supplemental financing operations. Following the spike during the global financial crises, when development policy lending was at its peak, total Bank commitments have returned to pre-crisis levels.
Development policy operations continue to perform well, meeting or exceeding corporate scorecard targets based on reviews from the Independent Evaluation Group (IEG).
Chapters and annexes of the report include:
