Evaluation of Policy based lending in AfDB, 1999-2009 - Case Study: Egypt Financial Sector Reform Programme

This case study forms part of the evaluation of policy based lending in the African Development Bank (AfDB) from 1999 - 2009. It is one of four case studies of specific operations that have been carried out as part of the evaluation: 1) Botswana Economic Diversification Loan (approved 2nd June 2009). This is by far the largest PBO over the evaluation period representing about 22% of the total value of PBO approvals between 1999 and 2009, and is now the largest loan ever made by the Bank. 2) Nigeria Economic and Power Sector Reform Programme (approved 1st October 2010). This is the largest sectoral operation in Sub-Saharan Africa. 3) Egypt Financial Sector Reform Loan (approved 26th July 2006). This is the largest sectoral operation over the evaluation period and was at the time the largest loan ever made by the Bank. 4) Democratic Republic of Congo Emergency Programme to Mitigate the Impact of the Financial Crisis (approved 1st May 2009). This is a major recent operation in a fragile context.