A policy-based guarantee (PBG) is offered under a Development Policy Operation (DPO), to provide financing for budget support to governments. PBGs are made available once certain conditions tied to the DPO have been met, including (a) maintenance of an adequate macroeconomic policy framework, as determined by the World Bank with input from the IMF; (b) satisfactory implementation of the reform program; and (c) completion of a set of critical policy and institutional actions agreed between the World Bank and the government.