The Program-for-Results (PforR) Instrument was introduced in 2012. The Board approved a newfinancing instrument, building on more than fifteen years of Bank experience with results-based financing. PforR provides financing for a portion of a government expenditure program and disburses against the achievement of program results, known as disbursement linked indicators (DLIs). PforRs use country program systems and require the preparation of assessments...
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