Ukraine - Second Programmatic Adjustment Loan
van Ours, Jan C. | Vodopivec, Milan
The outcome for the Second Programmatic Adjustment Loan for Ukraine was satisfactory, the sustainability was highly likely, the institutional development impact was substantial, the Bank performance was highly satisfactory, and the borrower performance was satisfactory. Lessons learned from the project: A multi-sectoral design and cross-agency implementation strategy proved useful to address inter-locking binding constraints. A high level, multi-sectoral government working group is an effective mechanism for monitoring implementation and resolving issues. This mechanism also provided an appropriate avenue for effective coordination with other development partners. Development policy lending works well when based on the government's own priorities and when the government owns the process. Even when program extends over a period of years, it is important to be realistic on what can be accomplished during this period.
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