This paper reviews the use and performance of the Project Preparation Facility (PPF) over the nine-year period FY08-FY16 since the last Board update, and recommends (a) an increase in the PPF commitment authority, and (b) a policy modification to allow the PPF not only to support individual IBRD- and IDA-financed projects but also to strengthen borrower capacity in crosscutting areas through a “programmatic approach.” The PPF is an important funding...
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