The World Bank’s new Program for Results (PforR) instrument is only the third financing instrument approved since 1944.  The PforR portfolio is expanding rapidly and represents an appreciable part of “results-based” development finance.  This paper analyzes the first 3...

This paper offers a proposal to improve performance-based allocation systems of International Development Association (IDA) donors and others to better address the needs of fragile states and better link development allocations with performance.