IDB Approves New Policy-Based Financing Framework to Strengthen Reforms Impact
United States, March 10 -- The Inter-American Development Bank (IDB) approved an innovative framework to strengthen support for policy reforms, marking a key milestone in its agenda to raise the quality of reforms, sharpen their focus on results, and maximize their development impact. The framework strengthens policy-based financing through five channels: Stronger quality control and reform design. The new framework is part of a broad set of ten measures to increase quality control. These include improved policy dialogue with countries to focus reforms, the creation of a dedicated division to strengthen quality assurance during project preparation, improved methodologies for project design and expanded training for operational staff. Innova...
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