000			01546pab a2200157 454500
008			180718b2003 xxu||||| |||| 00| 0 eng d
100			_aKoeberle, Stefan G.
245			_aShould policy-based lending still involve conditionality?
260			_c2003
300			_ap.249-73.
362			_aFall
520			_aTraditional conditionality in policy-based lending is often criticized as being ineffective, intrusive, and corrosive. Disillusionment has led to proposals to replace ex ante conditionality with ex post conditionality and to focus on ownership, selectivity, and partnerships. This article reviews experiences with conditionality in the World Bank's policy-based lending and explores the benefits and drawbacks of various approaches. It argues that conditionality should play a central role in policy-based lending - but cannot substitute for country ownership and good policies. Moreover, an exclusive focus on conditionality based on ex ante commitments or ex post results may not be practical or useful for the Bank's policy-based lending. Thus a key recommendation is to use conditionality selectively, tailored to country circumstances. Indeed, an eclectic mix of traditional and new approaches is already being used - with programmatic policy-based lending offering a particularly promising way to reconcile the debate between the traditional ex ante approach and the aspirations of a results-based approach to conditionality. - Reproduced.
650			_aDevelopment aid
773			_aWorld Bank Research Observer
909			_a59481
999			_c59481 _d59481