First Macroeconomic Stability and Fiscal Resilience DPO

Project Development Objective (Note: will be disclosed in the MOS)The development objective (DO) of the programmatic Development Policy Operationis to support the Government of Myanmar's policy reform framework for improved and decentralized delivery of social services. The proposed programmatic DPO supports the authorities in achieving the DO through developing a fit-for-purpose intergovernmental fiscal relations system to support delivery in social services, and fostering greater accountability through enhancing fiscal transparency.Key expected results include improved transparency in resource allocation to social sectors, and improved accountability and responsiveness in service delivery. The team will develop the specific results indicators in due course in close consulation with the authorities.A programmatic Development Policy Operation series of 3/4 annual operations with an indicative volume in the amount of USD 300 million is planned. This amount is notional and the ultimate amount is to be determined.Board Schedule CommentsProgrammatic Development Policy Operation series of 3/4 annual operations would be presented to the Board in May 2015. A full Board presentation is expected for the first operation.