Fragile reforms

World Bank and Asian Development Bank financing in fragile and conflict-affected situations

Summary:

International development banks have the ability to provide low-interest, large-scale, long-term and predictable financing, backed up by expert analysis and advice to progress development in fragile and conflict-affected situations. As more official development assistance (ODA) is directed through development banks and committed to fragile and conflict-affected situations, the banks’ capacity to deliver conflict-sensitive project financing in these complex, highly political and insecure operating environments comes under greater scrutiny. Drawing from research into the delivery of five bank-financed projects covering infrastructure and other sectors, this study highlights a range of insights and opportunities to enhance how the World Bank and the Asian Development Bank approach project financing in fragile and conflict-affected situations.