Cash transfers have proliferated in the past decade as key policy instruments to tackle vulnerability and inequality. Payment mechanisms (PMs), the backbone of cash transfers, are the channels through which cash travels from the funding source to the hands of beneficiaries. In theory, the...

This note reviews recent World Bank experience with projects using results-based lending in Social Protection and Labor (SP&L) in preparation for stepped-up engagement under the proposed Program-for-Results (P4R). The P4R is expected to be launched in 2012. Given the already strong use of...