Explanation: Program-for-Results (PforR) is a new lending instrument, which was approved by the World Bank’s board in January 2012.

• PforR ties the disbursement of funds to the achievement of tangible development results and provides direct support for government programmes in order to help countries “strengthen institutions, build capacity, and enhance partnerships with stakeholders to achieve lasting impact”.
• According to the Bank, PforR can provide support for a wide range of government projects, such as increased immunisation coverage for children or provision of sanitation services.
• Disbursements fund expenditure programmes rather than individual transactions.
• The Bank will pilot the PforR instrument for two years, during which time eligibility for new operations will be limited to 5 per cent of annual IBRD and IDA lending (about $1.5 billion), and category A operations (those with the highest environmental and social risks) will be excluded.
• As of September, two PforR projects of $60 million and $300 million had been approved.

Source: https://www.brettonwoodsproject.org/2012/10/art-