Disbursement Performance Of The International Fund For Agricultural Development Ifad

Author : Paul Winters
Publisher :
ISBN 13 :
Total Pages : pages
Book Rating : 4.:/5 (13 download)

DOWNLOAD NOW!

Download or read book IFAD's Disbursement Performance written by Paul Winters and published by . This book was released on 2019 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: In the wake of the Addis Ababa Action Agenda's call for unprecedented investments in achieving the Sustainable Development Goals, international financial institutions (IFIs) - such as the World Bank and the regional development banks - have been playing an increasingly important role in providing financial assistance to developing countries. Unlike budget support, which is nonearmarked and provided as a one-off payment, operations financed by IFIs are typically tied to the implementation of a particular programme or project for which funding is granted in tranches of disbursements. Accordingly, the success of IFI-financed operations, and their ability to have the intended development impact, depends on a rapid project start-up, and regular and timely disbursements of funding to recipient countries (Gohou and Soumaré, 2009; Sunjka and Jacob, 2013; Mishra, 2016). Although the observed disbursement performance is to a large extent a reflection of the recipient's ability to implement the project, IFIs have a shared responsibility by supervising project implementation and releasing funds to the recipient when necessary and deemed appropriate.