Pakistan: Road Sector Development Program (Policy Loan)
| country: Pakistan
The key lesson is that the purpose of program lending – which is to support structural reforms and achieve development results – should not be compromised by balance-of-payments or budget considerations. This would have meant allowing a longer program period for the required depth of reforms. ADB could have envisaged that sector refroms require a longer implementation period and should have focused on a smaller number of specified reform issues.