Result Based Loan Adb. ADB did so in response to the increasing demand from governments and development partners for support for their key expenditure and development programs. 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.
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ADB agreed to provide another 300-million RBL loan for the education sector in May said Mr. 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. Both instruments do not require proof of payment such as invoices for loan disbursement but directly links loans to program results.
Policy-based lending PBL provides developing member countries with fast-disbursing budget support while at the same time creating an opportunity for the Asian Development Bank ADB to influence policy reforms to boost growth and poverty reduction.
Evidence shows that RBL helps reduce start-up delay of the loan delivery. 2012 Results-Based Aid RBA. ADB eOperations 2013 Development Effectiveness Report South Asia Department of ADB Indicators Sovereign Non RBL RBL. ADB did so in response to the increasing demand from governments and development partners for support for their key expenditure and development programs.
