Abstract:
This study aims are two folds: First is to
investigate the role of the World Bank funding through
using a novel financing instrument called Program-for-
Results (P for R) to strengthen the government programs
and second is to assess the P for R programs adopted in
countries focusing on the direct effects and the results.
The Bank currently has three integral financing options
to offer client countries: Investment Project Financing
supports specific projects and disburses against specific
expenditures and transactions, Development Policy
Lending supports policy and institutional reforms and
provides general budget support, and P for R Financing
supports government programs and disburses against
results. Results for the P for R reflect on the new
level because disbursements are directly linked to the
achievement of measurable and verifiable outcome.
As well, the Disbursement-Linked Indicators (DLIs)
are used to provide governments with incentives to
achieve critical program milestones and enhance
the performance of programs. This study structured
based on descriptive and observed the behavior of
two countries’ government (Egypt and Ethiopia) for
using P for R financing loan in a national project.
On the ground, the field of practices was the main
indicator in this stage of the investigation, then one
of the P for R programs was compared to observe the
effectiveness of this kind of financing system in these
two countries specifically in the infrastructure sector,
and classifications of DLIs were the main parameter in
this comparison. The outcome and the existing literature
are analyzed to develop a multibeneficial for country
adopting P for R collaborative programs, as they
should be applied to mitigate the same challenges and
solve the institutional complications for the beneficial
countries homogeneously. Furthermore, enhance the profit generated from this kind of program targeting via
sustainable management tools.
