Enabling poor rural people
to overcome poverty
At its eighty-seventh session in April 2006, the Executive Board agreed to the suggestion to convene a working group, as referred to in the Report of the Consultation on the Seventh Replenishment of IFAD’s Resources approved by the Governing Council, to develop a broader understanding of evolving issues in PBAS implementation.
In the Report of the Consultation on the Eighth Replenishment of IFAD’s Resources approved by the Governing Council in February 2009, the Board was requested to mandate the PBAS Working Group to continue its functions and, as well, review the practices of other international financial institutions (IFIs) and identify improvements to the system. The PBAS Working Group would review and assess all such proposals, which would subsequently be presented to the Executive Board and Governing Council for their consideration and approval.