Ensuring Accountability in Program-for-Results Financing
One of the latest challenges to accountability at the World Bank, 
is a proposed new way the Bank proposes to lend money, which the Bank calls “Program-for-Results” Financing, or “P4R.” The new instrument aims to invest World Bank funds without regard to the World Bank’s own operational policies and procedures that provide social and environmental safeguards. The draft further weakens the chance for positive development outcomes by removing the explicit requirement for Project Supervision over Bank-financed operations. In turn, the Inspection Panel would be unable to determine the Bank’s compliance with initiatives for which no safeguard policies apply. This is an extremely dangerous initiative that could undermine the rights and protections for communities around the world.
