- The policy lending doctrine: Development Policy Financing in the World Bank's Covid-19 response0.58 MB
At the beginning of the Covid-19 pandemic, the World Bank made it clear that it was going to use the crisis to promote its development vision and implement far-reaching structural reforms, especially those aligned with the promotion of ‘private sector solutions’. It also made clear that it would rely on Development Policy Financing (DPF) to carry out its Covid-19 response.
This report investigates the use of DPF in the WB's Covid-19 response, finding that a total of US$22.94-billion were committed for the 90 Development Policy Operations (DPOs) analysed, which included a total of 650 prior actions. Out of 90 DPOs, 45 were Covid-19 related.
Report by Eurodad
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