PFR Fundamentals - Policy Recommendations

Overview & Synopsis

This note presents the PFR Policy Recommendations Database, highlights key analytical approaches to estimating the fiscal impact of policy recommendations (where feasible), provides country examples of policy recommendations that were developed as a part of solid PFR engagements, and sets out good practices and lessons learned in the preparation of effective policy recommendations. Section 2 presents the PFR Policy Recommendations Database, which includes tagging to theme codes (mirroring the DPL Prior Actions Database maintained by Operations Policy and Country Services (OPCS)) and monitoring quantitative and qualitative impacts of policy recommendations. Section 3 highlights analytical approaches to estimating the fiscal impact (in percent of GDP) of policy recommendations, and references more detailed explanations, tools in other PFR Fundamentals, and related resources on each topic. Section 4 notes country examples of policy recommendations that were developed as part of the PFR engagement and found impact in subsequent DPLs and other avenues. Section 5 presents good practices based on lessons learned from the database, as well as further insights gained from the continuing engagements with task teams on the revamped PFR. Section 6 offers concluding remarks.