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Second Competitiveness and Fiscal Management Programmatic DPF

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Development objective

Project Development Objective (Note: will be disclosed in the MOS) The operation supports policies aimed at (i) improving investment climate and competitiveness and (ii) sustaining fiscal consolidation and enhancing public financial management Board Schedule Comments The operation was submitted to the Board for February 28 approval with a PBG as the financing instrument (as P158637). On February 27 the government asked to change the instrument to a DPL. the program objectives, policy matrix, and results remain the same. The team expects to hold a new ROC in early April, once the government has provided information on IBRD pricing and amortization choices.

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