The Bank's Country Assistance Strategy (CAS) forms the blueprint
for its assistance to a country. In low-income countries, the CAS is
based on the priorities identified in the country's Poverty Reduction
Strategy Paper (as outlined above). The goals outlined in the CAS
guide the priorities of the Bank's lending program and are a useful
source of information for interested stakeholders and businesses
wishing to identify potential future areas of Bank lending. During the
identification phase, Bank teams work with the government to
identify projects which can be funded as part of the agreed
development objectives. Once a project has been identified, the
Bank team creates a Project Concept Note (PCN) which is an
internal document of four to five pages that outlines the basic
elements of the project, its proposed objective, likely risks,
alternative scenarios to conducting the project, and a likely timetable
for the project approval process.