Mainstreaming the Results-Based Lending for Programs

Institutional Document | August 2019

This policy paper proposes that the Asian Development Bank (ADB) mainstream results-based lending (RBL) as a regular ADB financing modality.

RBL supports government-owned programs and links disbursements directly with the achievement of results under the RBL programs. RBL seeks to enhance accountability and create incentives to deliver and sustain results, strengthen the efficiency and effectiveness of government-owned programs, promote institutional development, improve development effectiveness, and support development coordination.

In 2013, the Asian Development Bank (ADB) approved the Piloting Results-Based Lending for Programs policy, which introduced the RBL modality for a 6-year pilot period from 6 June 2013 to 5 June 2019. In May 2018, ADB extended the pilot period until 30 September 2019 or until the date the Board of Directors approves the Mainstreaming Results-Based Lending policy, whichever occurs earlier. As of 30 June 2019, ADB had approved 19 RBLs in 11 developing member countries, with a total commitment of $4.8 billion.


  • Executive Summary
  • Introduction
  • Background
  • Results-Based Lending Pilot Experience
  • Updates and Changes in the Results-Based Lending Policy
  • Results-Based Lending Policy
  • Training and Dissemination Plan
  • Recommendation
  • Appendixes

Additional Details

  • ADB administration and governance
  • Managing for Development Results (MfDR)
  • ADB funds and products
  • Public sector (Sovereign) financing

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