to guide and supervise the usage of policy-based lending;

指导和监督政策性贷款的使用方向；

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In fact, most policy-based lending is now in the form of programmatic support for complex medium-terms structural and institutional changes rather than to help eliminate economic distortions.

事实上，多数政策性贷款目前所采用的形式，是注重实效地支持复杂的中期结构和体制变革，而不是协助消除经济扭曲现象。

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