World Bank & Development Policy Lending in Brazil: Lessons for Revising DPL Policy
19 October 2011
A new evaluation of a $1.3 billion World Bank development policy loan to promote sustainability reforms at the Brazilian National Bank for Economic and Social Development (BNDES) that questions the effectiveness of DPLs due to weaknesses in existing Bank policy guiding their design and execution. The report calls for the reform of Bank DPL policy as an urgent part of the ongoing revision of World Bank safeguard policies to ensure consistent management of risk across all World Bank operations.
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