World Bank Approves Program-for-Results – New Financing Instrument Ties Lending Directly To Verified Development Results

WASHINGTON, January 24, 2012 - The World Bank Board of Executive Directors today approved Program-for-Results (PforR), an innovative new financing instrument for the World Bank’s client countries that links the disbursement of funds directly to the delivery of defined results. Money will flow once the results have been delivered and verified.   PforR would support government programs in a