Romania - First and Second Programmatic Inclusive and Green Growth Development Policy Loans Project

Overview & Synopsis

Ratings of First and Second Programmatic Inclusive and Green Growth Development Policy Loans Project for Romania were as follows: overall outcome was satisfactory, relevance of prior actions was satisfactory, achievement of objectives was satisfactory and Bank performance was satisfactory. Some of the lessons learned include: Constant monitoring between operations in a DPF series that stays within the given timeframe and does not require formal M&E is crucial in avoiding slips and missing context changes, in addition to keeping track of progress; Targets for reforms must be closely coordinated with national programs and national commitments; Connecting policy actions to results ensures clarity in defining indicators; and For high-income economies where Bank lending is limited, TA/RAS are very important in supporting reforms.