Event: External Support for Decentralization Reforms and Local Governance Systems in the Asia-Pacific Development Policy Instruments to Support Decentralization and Local Governance Reforms 26 August 2015 Author / Speaker Bruno Carrasco View File Policy-based loans (PBLs) are important instruments that address both legal and regulatory policy constraints to develop a more conducive environment. The benefits and challenges of employing PBLs in the Asian Development Banks’ governance work are explained in this presentation. Important lessons learned from the provision of governance PBLs are shared. Disclaimer The views expressed on this website are those of the authors and do not necessarily reflect the views and policies of the Asian Development Bank (ADB) or its Board of Governors or the governments they represent. ADB does not guarantee the accuracy of the data included in this publication and accepts no responsibility for any consequence of their use. By making any designation of or reference to a particular territory or geographic area, or by using the term “country” in this document, ADB does not intend to make any judgments as to the legal or other status of any territory or area. Download Topics Finance Governance and Public Sector Management