ABSTRACT

In Poland in 1990, disbursement in the area of health care was slightly higher even than commitments. Almost 100% of food aid and assistance for modernizing agricultural production and developing rural areas was disbursed. The World Bank has registered a weighted average disbursement rate of 16.4%, based on calculations utilizing the historic disbursement profile of each type of loan. In the majority of projects and programs, commitments and disbursements follow a typical pattern; an initial commitment is followed by gradual disbursement in accordance with an agreed schedule of implementation, which varies from one operation to another. There is concern that in view of low disbursement rates, Western assistance budgets may be cut or retargeted to sectors where disbursement is easier, although such funding may not match Central European priorities. In 1991, credit lines for the amount of $8.1 billion were made available to Poland, on conditions which were sometimes difficult for Polish enterprises to meet.