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Argentina - Cordoba Provincial Reform Adjustment Loan Project (Inglês)

Ratings for the Cordoba provincial reform adjustment loan project (PRL) were as follows: outcomes were moderately satisfactory, the risk to development outcome was moderate, the Bank performance was satisfactory, and the borrower performance was satisfactory. Lessons learned from the project were as follows: 1) Provincial policy development operations such as Cordoba's PRL are only appropriate under stable macroeconomic conditions; 2) Under stable macroeconomic conditions, policy-based operations supporting a well-defined set of reforms can be effective tools in promoting structural adjustment at the sub-national level; 3) Provincial operations can be effective complements of sector reforms and operations at the national level; 4) For reforms to be successful, they have to follow the right sequence, take into consideration interrelationship of intermediate steps, and be supported by a sound incentive system; 5) For provinces to be fiscally responsible over the long term, a consistent system of incentives must be in place at the national level; 6) The Bank's continuous engagement during critical periods can help sustain ongoing reforms and protect previous achievements; 7) Uncertain macroeconomic conditions can undermine reforms focusing on privatization and concession, even when they have the full commitment of the authorities; 8) The success of SAL loans depends on a combination of factors, the most important of which is strong political support; 9) Loan conditionality should focus on results, going beyond the enactment of legislation; 10) Overly complex operations with a large number of conditionalities that lack a clear hierarchy are difficult to implement and supervise; and 11) Cross-sector operations at the provincial level require strong coordination during both preparation and implementation.


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    Conclusão da Implementação e Relatórios sobre Resultados

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    América Latina e Caribe,

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  • Nome do documento

    Argentina - Cordoba Provincial Reform Adjustment Loan Project

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    maternal and child nutrition;Human Resource Management System;Civil Service Reform;Social Protection;electricity companies;civil service reform strategy;subsidies to private school;Right to Public Services;health care delivery system;access to health service;general public administration sector;provincial bank;public hospital;fiscal performance;public finance;repetition rate;Civil Service Census;quality at entry;primary health service;tax administration reform;integrated health care;teacher training institute;social assistance program;social protection program;public sector reform;level of support;international financial institution;Exchange Rates;medical equipment purchase;health insurance program;access to information;User satisfaction Survey;management of resources;quality of education;financial management reform;intermediate outcome;computerized data base;public secondary school;fourth tranche release;quality assurance mechanism;allocation of resource;current account surplus;infant mortality rate;health insurance pilot;social sector policy;short term financing;private capital flow;poor cost recovery;human capital formation;General Finance Sector;stock of debt;education for all;general education sector;lack of transparency;tight fiscal situation;quality of supervision;technical assistance program;per capita income;health care coverage;prudent fiscal management;transfer of revenue;domestic interest rate;reduction in tax;provision of service;public social service;primary health care;quality assurance system;health care quality;quality of care;health delivery system;management of education;social sector reform;balance of payment;human resource development;bilateral agreement;pilot program;provincial authority;performance contract;macroeconomic framework;education budget;deficit target;fiscal target;health budget;provincial reform;Municipal Finance;debt stock;teacher ratio;sustainable fiscal;political support;personnel salary;state modernization;drop-out rate;fiscal deficit;macroeconomic uncertainty;public subsidy;legislative package;impact indicator;loan condition;social program;provincial hospital;personnel expenditure;tax collection;tariff increase;teacher absenteeism;accreditation system;investment operation;provincial budget;budget planning;provincial administration;electric cooperative;macroeconomic condition;privatization effort;procurement law;budget funding;rural area;fiscal balance;tax cut;economic reform;reform effort;sector budget;current expenditure;national administration;stakeholder workshop;privatization law;demonstration effect;basic infrastructure;fiscal account;Labor Union;privatization strategy;concession law;procurement system;federal institution;fiscal program;brazilian real;public indebtedness;financial system;insurance agencies;teaching post;minimum level;audit compliance;student monitoring;beneficiary survey;capital expenditure;public audit;results framework;audit plan;country risk;tax payer;commercial bank;domestic investor;external shock;tax amnesty;budget analysis;Public Spending;negative growth;internal consistency;exchange risk;Fiscal Reform;health expenditure;borrower's commitment;prepare budget;power company;federal tax;education spending;opposition party;increased spending;international market;financial statement;financial autonomy;individual taxpayer;regulatory entity;Capital Investments;fiscal resource;Property tax;budget formulation;organizational reform;debt relief;enhancing transparency;Business Climate;crisis management;school supply;social tension;investor interest;financial situation;privatization receipt;currency depreciation;macroeconomic environment;sector specialist;fiscal equilibrium;long-term sustainability;life expectancy;adjustment loan;civil society;election campaign;risk assessment;negative effect;political commitment;market demand;relative distribution;regulatory function;educational performance;subsidy scheme;private concession;patient care;financing package



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