Additional Financing for Transport and Information and Communication Technology

In May 2005, the Bank adopted a new
policy and new procedures on Additional Financing
(OP/BP13.20) for investment lending, replacing the previous
policy on supplemental financing. This policywas later
revised in March 2012. This learning product assesses the
performance of the AdditionalFinancing (AF) operations
approved since then and draws lessons from their
implementationexperience. The assessment focuses on AF in
projects of the Transport and Information andCommunication
Technology (ICT) Global Practice (GP). This was selected as
the first batch ofoperations to review because they
represent a large share in lending volume, as well as the
fact that there is an existing AF study conducted by the
former Transport Anchor which this review coulduse to verify
the AF portfolio. This note aims to enhance the
understanding of the way it has been used and how it has
affected the project outcomes, through reviewing a subset of
the AF portfolio for which the relevant data was readily
available. The review notes the limitation of the small
sample. More areas could be investigated when the data of
more projects become available.