Publication: Lessons from Environmental Policy Lending
Date
2016-06-29
ISSN
Published
2016-06-29
Author(s)
Independent Evaluation Group
Abstract
The World Bank offers three main
categories of financing: investment project financing
directly finances specific investments; Program for results
financing uses country systems and disburses based on
achievement of specific results; and Development Policy
Financing (DPF) supports a government program of policy and
institutional actions. The DPF instrument is intended to
achieve development results primarily through the supported
policy reforms and associated policy dialog and support.
This learning product focusses on the World Bank’s
experience with DPOs in the Environment sector, broadly
defined. For the purposes of this review, environmentalDPOs
were defined to be any policy lending operation mapped to
the Environment and Natural Resources (ENR) Global Practice
or, prior to that, the Environment Sector Board, or any
other policy lending operation with an environmental or
disaster risk management theme as the primary or secondary
theme (see Appendix C). This experience covers a wide range
of sectors, including climate change mitigation and
adaptation, green growth, natural resource management,
disaster risk management, forestry, environmental policy,
and others. Much of the experience is very new, with 25 of
the 64 operations yet to be evaluated. Many of the active
programs are among the first environmental DPOs in their
country or region. Many operations were designed and
implemented by teams that included staff with relatively
little policy lending experience, and so the opportunity for
learning is substantial.
Citation
“Independent Evaluation Group. 2016. Lessons from Environmental Policy Lending. © World Bank, Washington, DC. http://hdl.handle.net/10986/24926 License: CC BY 3.0 IGO.”