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Development policy operations (DPOs) provide quick-disbursing general budget support against a program of critical structural reforms in areas of sectoral or overall economic policy. DPOs have become a central platform of the World Bank’s engagement with small Pacific island countries (PICs). DPO series are now underway or have been completed in Samoa, the Kingdom of Tonga, Tuvalu, Solomon Islands, Marshall Islands, and Kiribati, with 15 DPOs disbursed since 2010. Special characteristics of small PICs mean that DPOs can be especially effective in supporting economic reform programs, but implementation can also face particular challenges arising from thin capacity and difficult political economy typical of such contexts.

About the Presenters

Tobias Haque

David Knight