"The paper identifies a set of core concepts that reflect key "political economy" factors shaping the policy reform process that can assist in guiding the policy-based lending (PBL) design process. It discusses the recurring themes that constrain the effectiveness of PBL, reviews from a...

This paper presents a case study of the Asian Development Bank's Financial Sector Governance Reforms Development Program Loan (the Program) to the Government of Indonesia. The case study focuses on the political economy dimension of policy reform and its implications, rather than on Program...

This paper presents a case study of the Asian Development Bank's StateOwned Enterprise (SOE) Reform and Corporate Governance Program Loan that was aimed at supporting fundamental and sensitive reforms in Viet Nam's transition. It examines the context of SOE reform involving Viet Nam's unique,...