Independent Evaluation Group2012-03-192012-03-192010978-0-8213-8305-6https://hdl.handle.net/10986/2470The goal of Poverty Reduction Support Credits (PRSCs), introduced in early 2001 under World Bank Interim guidelines, was to help countries implement comprehensive, country-owned development strategies to promote growth, improve social conditions, and reduce poverty. PRSCs were intended to ease conditionality and to make annual flows to recipient countries predictable and integrated with their budgets. To reduce fiduciary risks associated with budget support, PRSCs were intended to strengthen domestic budget processes. They were seen as providing a framework for donor harmonization and were meant to focus on achieving clearly defined results.CC BY 3.0 IGOACCOUNTABILITYACCOUNTINGADJUSTMENT LENDINGADJUSTMENT LOANSADJUSTMENT OPERATIONSAFRICAN DEVELOPMENT BANKAID COORDINATIONANNEXESBALANCE OF PAYMENTSBANK LENDINGBANK LOANSBANK POLICYBENCHMARKSCAPACITY BUILDINGCAPACITY CONSTRAINTSCASCASSCIVIL SOCIETYCOMPLAINTSCOMPREHENSIVE DEVELOPMENTCOMPREHENSIVE DEVELOPMENT FRAMEWORKCORRUPTIONCOUNTRY ASSISTANCECOUNTRY ASSISTANCE STRATEGIESCOUNTRY ASSISTANCE STRATEGYCOUNTRY CASE STUDIESCOUNTRY DEBTCOUNTRY PROGRAMCREDIBILITYCREDITSDEBTDEBT MANAGEMENTDEBT RELIEFDEVELOPMENT ASSISTANCEDEVELOPMENT BANKDEVELOPMENT POLICYDEVELOPMENT STRATEGIESDEVELOPMENT STRATEGYDISBURSEMENTDISBURSEMENTSDOMESTIC DEBTDONOR AGENCIESECONOMIC GROWTHEMPLOYMENTENABLING ENVIRONMENTEXPENDITUREFINANCIAL CRISISFINANCIAL MANAGEMENTFUNGIBLEGDPGOVERNANCE ISSUESGOVERNMENT BORROWINGGOVERNMENT BUDGETGOVERNMENT EXPENDITURESGOVERNMENT POLICYGOVERNMENT REFORMGOVERNMENT SPENDINGGROSS DOMESTIC PRODUCTHEAVILY INDEBTED POOR COUNTRIESHIPCHOST GOVERNMENTSINCOMEINITIATIVEINSTRUMENTINTERNATIONAL BANKINTERNATIONAL DEVELOPMENTINTERNATIONAL FINANCEINVESTMENT CLIMATELABOR MARKETLEADERSHIPLEGAL AGREEMENTSLENDERSLENDING INSTRUMENTLENDING PORTFOLIOLOANLOAN AMOUNTSMACROECONOMIC ADJUSTMENTMISSIONSMONETARY FUNDMULTILATERAL DEVELOPMENT BANKSNATIONAL INCOMEOFFICIAL DEVELOPMENT ASSISTANCEPOLITICAL ECONOMYPORTFOLIOPROCUREMENTPROJECT PERFORMANCEPUBLIC FINANCEREGULATORY FRAMEWORKRESERVESRESOURCE ALLOCATIONRESOURCE MOBILIZATIONSECTOR PROJECTSSECTORAL OBJECTIVESSERVICE DELIVERYSETTLEMENTSOCIAL SERVICESSTRUCTURAL ADJUSTMENTSUBSIDIARYTRADE LIBERALIZATIONTRANCHETRANSACTIONTRANSACTION COSTSTRANSPARENCYWATER SUPPLYWorld Bank10.1596/978-0-8213-8305-6