Development Policy Financing

Development Policy Financing Latest News

The World Bank’s Board of Executive Directors Friday approved $1.5 billion financing to India under the Development Policy Financing (DPF) Operation. 

About Development Policy Financing

• It provides rapidly disbursing financing to help a borrower address actual or anticipated development financing requirements.
• It supports borrowers in achieving poverty reduction and climate-friendly sustainable and inclusive growth through a program of policy and institutional actions.
• For example: Strengthening public financial management, improving the investment climate, addressing bottlenecks to improve service delivery, and diversifying the economy. 
• It can be extended as loans, credits/grants, or guarantees.
• It is an initiative of the World Bank.
• Funds are made available to country based on
  • Maintenance of an adequate macroeconomic policy framework, as determined by the Bank with inputs from IMF assessments;    
  • Satisfactory implementation of the overall reform program;
  • Completion of a set of critical policy and institutional actions agreed between the Bank and the client
  • Alignment with the Goals of the Paris Agreement

Source: TH

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