This paper presents background information on the evolution of RMs and their current status and responsibilities, identifies the challenges of change for RMs, and proposes a policy framework to respond to these challenges. The organizational and resource requirements of the policy framework are assessed. Reviews of experience in implementing the new policy after one year, and of pilot testing of key functions after two years are proposed. Major policy conclusions are presented for Board approval.
- The need for change
- Practices of other multilateral development banks
- Policy framework
- Organizational and resource issues