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Papua New Guinea - Structural Adjustment Loan and Economic Recovery Program Loan Projects (Inglês)

The report audits the Structural Adjustment Loan (SAL), and the Economic Recovery Program Loan (ERP) Projects, and agrees with the Implementation Completion Report's unsatisfactory outcome rating for the SAL, as the operation failed to achieve significant, lasting impact in the country. The SAL institutional development impact is negligible, sustainability unlikely, and Bank performance unsatisfactory. Conversely, the ratings for the ERP show a marginally satisfactory outcome, modest institutional development impact, uncertain sustainability, with a satisfactory Bank performance. Lessons drawn from both operations suggest that future adjustment lending to Papua New Guinea should be based on clear indications of broad-based support, and ownership of the reform agenda, to ensure implementation, even through hardship times. The Government should also aim at wider reform efforts in redressing a range of socio-political development constraints, including governance, civil service reform, law and order, land reform, and consensus-building at the village level, through a gradual, but consistent implementation reform framework, and parallel assistance efforts, to complement, and consolidate macroeconomic stabilization.




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