Now replaced by the PRSPs. PFPs outlined the state of the economy and the programme of action to be carried out by a government, in particular, those related to its programme with the IMF.
Background
Background
Multilateral Investment Guarantee Agency
MIGA aims to encourage foreign investment by providing guarantee to foreign investors against loss caused by non-commercial risks in developing countries. MIGA also provides capacity building and advisory services to help poor countries attract foreign investment.
Background
International Development Association
The IDA offers assistance to the poorest countries, providing them with interest free loans, technical assistance and policy advice. The IDA is funded by wealthier nations and accounts for around 25 percent of all World Bank lending. IDA lends only to those countries that have a per capita income of less than $885 (1999 figures) and lack the financial ability to borrow from World Bank. At present, 78 countries are eligible to borrow from IDA.
Background
Front Loading
Disbursing the bulk of loans at the earlier part of the structural adjustment arrangements.
Background
Department for International Development
UK Government department for International Development, formerly the Overseas Development Administration (ODA).
Background
Country Assistance Strategy
Outlines the programme of policy reforms and projects for which the World Bank provides loans, ie financed by World Bank loans. The CAS document describes the Bank Group's strategy based on an assessment of priorities in the country, and also indicates the level and composition of assistance to be provided based on the strategy and the country's portfolio performance.
Background
Stand-By Arrangement
Non-concessionary IMF loans for stabilisation programmes.
Background
Project Information Document
Document containing information on the background of the operation, objectives of the SAP, a loan description and a programme implementation.
Background
Performance Criteria
Conditions on IMF loans which must be implemented in order to access the money.
Background
Multilateral Agreement on Investment
A proposed agreement on investment negotiated between OECD countries with the aim of facilitating unrestricted capital investment flows between member countries. The proposed agreement which was supposed to take effect in 1998 has now been shelved but proposals are underfoot to incorporate the agreement into the WTO (see WTO) agreement.
Background
Information Communication Technology
The use of technology for communication and information dissemination.
Background
First Generation Reforms
Conditionalities applied through IMF programmes, which focus on macroeconomic reforms to achieve macroeconomic stability, such as liberalisation of the exchange and interest rates.
