73805
                                 Oriental Republic of Uruguay
                       Road Rehabilitation and Maintenance Program PforR

                                    SUMMARY OF DISCUSSION ∗

                                  Meeting of the Executive Directors

                                              November 13, 2012


      The Executive Directors approved a Road Rehabilitation and Maintenance Program
IBRD Loan for the Oriental Republic of Uruguay in the amount of US$66 million on the
payment terms and conditions set out in the President’s Memorandum (R2012-0215).

        Directors welcomed the use of the new Program-for-Results lending instrument to
support Uruguay’s national road rehabilitation and maintenance program, noting that this is the
first Program-for-Results operation in the Latin America and Caribbean Region. They
highlighted the appropriateness of this instrument which is expected to foster further
sustainability of road sector management by linking disbursements to both progress on road
rehabilitation and stronger institutional systems and processes. Directors also emphasized the
need for close monitoring, as well as feedback from beneficiaries, to ensure the success of the
Program and to draw lessons from experience. They welcomed the inclusion of a grievance
mechanism among the program’s actions. Directors commended the close collaboration with
other development partners, in particular the inclusion of the Inter-American Development
Bank’s support within the Program.




∗
    This summary is not an approved record.