In results-based approaches, funding is linked to pre-agreed results that are defined in the form of indicators. Disbursements only take place once progress in the indicators has been verified. This places high requirements on the quality of indicators used. Different development actors have...

This paper discusses Sierra Leone's Third and Fourth Reviews Under the Extended Credit Facility Arrangement and Financing Assurances Review, Requests for Waivers for Nonobservance of Performance Criteria (PC) and Modification of PC. Program implementation has been good, notwithstanding the...

This paper discusses Grenada's Third Review Under the Extended Credit Facility (ECF), Request for Modification of Performance Criteria (PCs), and Financing Assurances Review. Overall program implementation remains strong. All quantitative PCs for the third review were met. All structural...

This paper discusses Solomon Islands' Request for an Extension of the Arrangement Under the Extended Credit Facility (ECF). All end-December 2014 performance criteria (PCs), indicative targets (ITs) for March 2015, and end-June 2015 PCs have been met by a considerable margin, with the exception...

Côte d’Ivoire is preparing for presidential elections in October 2015 amid strong macroeconomic performance. All continuous and end-December quantitative performance criteria (PCs) and all but one indicative targets were met. All structural benchmarks were implemented, albeit with a minor...

In spite of the implementation of measures to strengthen public financial management during the last quarter of 2014, the performance criteria (PC) for end-2014 relating to gross tax revenue and bank and market financing of the government were not met owing to administrative weaknesses at the...

All but one performance criteria were met at end-April 2015 and structural benchmarks were largely completed, some with delays. However, there was non-observance of the continuous performance criterion on the ceiling on gross credit to government by Bank of Ghana (BoG) in April by a small margin...