Term:
World Bank Program of Special Assistance (SAP)
Definition:
A program to assist those borrowers making a determined effort to undertake the difficult measures needed to sustain development despite adverse external circumstances. It includes acceleration of disbursements, substituting higher priority operations that support structural adjustment and policy change for lower priority, slower disbursing operations, expansion of advisory services in the design and implementation of appropriate policies and urging other lenders to make similar efforts.
Domain:
Finance
Source:
World Bank: Glossary of Finance and Debt